Logistics

Truckers’ strike: organised players claim little impact

Mamuni Das New Delhi | Updated on January 15, 2018 Published on April 03, 2017

Unions met with IRDA seeking a drop in third-party insurance fee or de-regulating the third-party insurance space   -  Prakash Hassan

Strike to continue as talks between IRDA and unions fail

Some organised transporters say they have not yet seen much impact of the truckers strike apart in Southern India. And the situation is far from good as the talks between the insurance regulator and transporters unions failed on Monday.

Several players, including TCIEXPRESS, Apollo Logistics and Truckola, say they have not yet seen any significant impact of the ongoing strike. Trucks of TCIEXPRESS have started operating at night to negate the impact of the strike.

“TCIEXPRESS operates across India and it has not been impacted by the strike, particularly in the North, West and East parts of India,” according to Chander Agarwal, Managing Director, TCIEXPRESS.

However, in the South, there has been a bit of impact as truck drivers associations have been protesting during day time. The transportation is managed over night so that delivery services are not impacted.

“We have not seen any real impact on our business,” stated Raghav Himatsingka, founder, Truckola, an aggregator. Apollo Logistics, another player, maintained its operations have not been not impacted, declining to share the reasons.

Meanwhile, commercial vehicles unions had a meeting with the Insurance Regulatory and Development Authority (IRDA) seeking a drop in third-party insurance fee or de-regulating the third-party insurance space. They have decided to continue the strike, with IRDA declining to lower the third-party premium, stated the Indian Foundation of Transport Research and Training, a body which tracks the transport sector.

The Cabinet-approved Motor Vehicles Amendment Bill proposes that in case of injury or death caused due to accidents, the victims or the deceased’s family have the option of accepting a compensation of ₹ 2.5 lakh and ₹5 lakh, respectively, provided they do not approach the Motor Accident Claims Tribunal. The amount has to be paid by the insurers within one month, according to the proposal.

Published on April 03, 2017
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