Summary:
As this is unaffordable, many truck owners are selling their vehicles at scrap rates,” he said. Around 3,000 vehicles are being sold per month, Dhanaraj added.K S Kaliyaperumal, president of Coimbatore Lorry Owner’s Association, said the toll fares also pose a burden to truck owners. This means it would cost a truck owner around Rs 1 lakh along with maintenance when he has to produce the vehicle for fitness certificate. Coimbatore: Truck owners and operators in the state said the hike in fuel prices and toll rates have cost them dear, forcing many of them surrender their vehicles to financiers as they have gone out of business and not in a position to pay the dues. “Almost 25% income from a truck is spent on toll fares,” he said.All these issues were discussed at a meeting of the All India Motor Transport Congress (AIMTC) held in New Delhi on Thursday..