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Financing

Trucking in India heavily relies on financing to enable truck purchases, both for individuals and fleet operators. Financing entities play a critical role in assessing risks, especially with new technologies like e-Trucks, and determining appropriate interest rates.

Insurance

Truck insurance is an important support service, with most truck buyers traditionally opting for mandatory third-party liability coverage. However, an increasing number of individual buyers and larger fleets are choosing comprehensive coverage. Accurately assessing truck asset value, depreciation rates, and claim probability becomes crucial for emerging technologies like e-Trucks.

Maintenance and Repairs

In India, almost every part of a truck is considered repairable, including propeller shafts and engine pistons. Road-side repair workshops are common, and authorized service stations handle only a small portion of overall maintenance work. Preventive maintenance is gaining importance, particularly for larger organized fleets. Adapting this culture might require significant changes for e-Trucks.

IT Services and Other Associations

With the rise of e-Commerce and digital retail chains, truck tracking systems have become increasingly prevalent. Other support functions, such as maintenance and payments, are also being digitized at a rapid pace, especially forlarger fleets. In this context, IT services have become crucial. Additionally, various associations of trucking stakeholders are organizing themselves to exert influence on policies, regulations, and industry best practices.

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