Coronavirus panic taking toll on transporters biz
   Date :19-Mar-2020

Coronavirus panic_1 
 
Business Bureau :
 
Marwaha demanded that the financial institutions should give moratorium in EMI on vehicle loans without taking any overdue charges
 
 
Transporters who were already reeling under recession are now facing another jolt from the coronavirus pandemic. Majority of the trucks which were plying on the road have skidded off the road as demand and supply chain of the goods has totally dismantled due to panic of coronavirus. Talking to The Hitavada, Kukku Marwaha, President of Nagpur Truckers Unity said, “More than 85 per cent of the trucks in city are standing. Majority of the drivers, cleaners and labourers have gone to their native places to celebrate Holi festival and have not resumed their duties. Even those who are here are not co-operating due to outbreak of coronavirus.”
 
According to him, Nagpur has 10,000 commercial vehicles and trucks and in Vidarbha there are 20,000. Each truck provide direct employment to six to eight people. There are also large number of people who are employed indirectly from the transport sector. “The transport industry in the country is suffering daily losses to the tune of Rs 700 to Rs 800 crore which is a major jolt not only to us but also to the economy of the country,” he noted. “As the industries are closed, there is a shortage of load also. Even there is less supply of foodgrains, daily needs items.
 
The sudden hike in the diesel prices has added salt to our injury,” he said. Marwaha said, the situation is likely to remain same for another two to four months. However, it would take another five years for the transport industry to come out of recession created by the panic of coronavirus in the market. He demanded that the financial institutions should give moratorium in EMI on vehicle loans without taking any overdue charges. Looking at the seriousness of the situation, Government should also exempt transporters from road tax and toll tax.
 
“Commercial vehicles must be given free entry on all toll booths,” he demanded. “Government is always turning Nelson’s eye towards the problems of transporters. There is continously hike in the insurance premium. We have to pay taxes to the Government although our trucks are not plying on the road. The panic of coronavirus has made the situation from bad to worst,” he said.