financetom
Economy
financetom
/
Economy
/
Centre to change truck loading norms after 35 years
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Centre to change truck loading norms after 35 years
Jul 16, 2018 2:51 PM

Come Tuesday the Ministry of Road Transport and Highways will hike loading capacity for trucks and heavy commercial vehicles. As per the new norms, the loading capacity for different categories of trucks will go up by 15-25 percent. The Centre hopes this move will give a big boost to the industry and the logistics sector.

A big reason why this move is significant is that rules on loading capacity for trucks and tractor trailers have remained unchanged since 1985. Top government sources closely involved with formulating this policy say this move was necessitated by the violation of old loading norms, improvements in road quality and vehicular technology.

The new notification will increase the GVW (Gross Vehicle Weight) limit for different categories of heavy commercial vehicles. GVW of a truck is the weight of the truck itself plus the total amount of load it can carry.

Here's how some of the key heavy commercial vehicles will be impacted:

Load carrying capacity of heavy trucks to be increased upto 25%

Gross vehicle weight of a 2 axle truck to be increased from 16.2 to 19 tonnes

Gross vehicle weight of a 3 axle truck to be increased from 25 tonnes to 28.5 tonnes

Gross vehicle weight of a 5 axle truck to be increased from 37 tonnes to 43.5 tonnes

Gross vehicle weight of a tractor-trailer with 5 axles and 2 tandem axles to be increased from 44 tonnes to 49 tonnes

Gross vehicle weight of a 5 axle and single tandem axle trailer to be increased from 49 to 55 tonnes

Government sources tell CNBC-TV18 that this move will ensure better compliance as we regularly see instances of heavy overloading. However, the notification would come with stiff penalties for violations. Those found violating the new loading norms could have to pay a penalty which is almost ten times the current figure and adding to that there will be penalties under the Motor Vehicles Act.

The move has evoked mixed reactions from the industry. Senior members of the All India Transporters Welfare Association welcomed the move but said the heavy penalties will not solve the problem of overloading. The AITWA also said that unless the quality of the roads also improves the rate of accidents will go up.

The Society of Indian Automobile Manufacturers has cautioned against the practice of overloading. Sugato Sen, Deputy Director General, SIAM said, “SIAM welcomes the government’s move to increase loading capacity of trucks. With the quality of roads improving this is a natural step. However, the illegal practice of overloading should be checked and eliminated completely.”

The notification would apply to HCVs prospectively and in the industry, there is a degree of uncertainty with regard to older vehicles.

“The centre’s decision on increasing truck loading capacity is confusing for the industry,” Ashok Leyland managing director Vinod Dasari told CNBC-TV18.

First Published:Jul 16, 2018 11:51 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Dollar Falls Widely as Yen Rallies After Suspected FX Intervention
US Dollar Falls Widely as Yen Rallies After Suspected FX Intervention
Apr 29, 2024
07:26 AM EDT, 04/29/2024 (MT Newswires) -- The US dollar fell against most major currencies during early European trade on Monday following a suspected Japanese intervention to support the yen at the opening of an action-packed week for economic data and fundamental risks. The yen rose sharply against the US dollar from midnight Eastern time after USD/JPY rallied from 158...
Fed in a holding pattern as inflation delays approach to any soft landing
Fed in a holding pattern as inflation delays approach to any soft landing
Apr 29, 2024
WASHINGTON (Reuters) - Inflation showing no recent sign of slowing or narrowing in scope leaves U.S. Federal Reserve policymakers challenged this week over how to characterize their next steps even as the countdown to a contentious U.S. presidential election continues. The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at its April 30-May 1 meeting, and a...
In the Market: Economic surprises are messing with the market's favorite recession predictor
In the Market: Economic surprises are messing with the market's favorite recession predictor
Apr 28, 2024
(Reuters) - A bond market anomaly that has reliably predicted a U.S. recession in the past may normalize this year in a highly unusual manner. It's a worry for markets. The market signal, called a yield curve, has been upside down since early July 2022, with investors getting less to lock up their money for longer periods than they are...
US Dollar Falls Early Monday, Focus on FOMC, Employment
US Dollar Falls Early Monday, Focus on FOMC, Employment
Apr 29, 2024
07:41 AM EDT, 04/29/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as markets turn their attention to the conclusion of a two-day Federal Open Market Committee meeting Wednesday and Friday's employment report for April. The week starts off slowly Monday with the Dallas Federal Reserve's manufacturing reading for April at 10:30 am ET...
Copyright 2023-2025 - www.financetom.com All Rights Reserved