Transporters facing several hurdles in biz

Source: The Hitavada      Date: 05 Dec 2017 09:55:27


Business Bureau,

TRANSPORTERS are facing several hurdles in their business. Transporters who faced huge losses during demonetisation period are still unable to see brighter days. Talking to The Hitavada, Kuku Marwaha, President of Nagpur Truckers Unity said, “The situation has gone from bad to worse. The fleet strength of all major Transporters is decreasing day by day. Even, the monthly income of Transporters is dwindling. Those who were having monthly turnover of Rs 25 lakh have to satisfy with Rs 2.5 lakh.”

According to Marwaha, Nagpur has 1,500 big Transporters whose total fleet strength is 8,000 commercial vehicles are finding it difficult to run the show.
“Several industries in MIDC areas have become sick. We cannot rely on Indo-Rama and one or two cement factories to fulfill our needs. Even the production of oranges is below expectation. All these factors have thrown cold water upon our dreams,” he said.

Marwaha said, “There is someone to give ear to the woes of farmers. But, there is no one who can take serious cognisance of Transporters’ plight.”

“We are paying advance tax to the Government before running our vehicles on road. Even, the tax component is increasing day by day. It is difficult to meet our expenses such as maintenance of tyre, salary of driver and cleaner,” he added. He said, there are no adequate orders to transport goods in the market. With low income, Transporters are unable to maintain their vehicles and repay the regular installments of banks and insurance companies.

“Even insurance companies are depositing the cheques without asking us whether there is sufficient balance in our accounts. While purchasing any vehicle, we have to sign agreement with banks and insurance companies. If we fail to pay the installment on the due date, there is no relaxation, they directly seize our vehicle at any outstation location and file a money suit against us at any court in the country thus making our situation more pathetic,” he said.
Marwaha suggested that the financers who sign hire purchase agreement in city, should take action on truckers in the city itself if they have defaulted in repaying the loan installment.

“Transporters are selling jewellery and some portion of property to repay dues of finance company,” he added.
Marwaha suggested before taking action on Transporters, finance companies should first take into account the market condition. “If finance companies do not listen to our woes, we will have to go on strike,” he cautioned.

He also said that Government should intervene in the matter. One truck which ply on road, gives employment to five people. The entire transport business will collapsed, if proper attention is not given to it, he said.