Carmaker MG Motor India is feeling the spot of a sharp ascent in ocean cargo rates, which have made its imported packs and parts costlier. President and MD Rajeev Chaba said that the cargo rate for a 40ft container has ascended from $300 before the pandemic to $3,000 now.

“It is a sharp increment which has affected all auto organizations on the grounds that nearly everyone imports a few sections or the other,” said Chaba. This has additionally agreed with a 10-12% expansion in homegrown truck rental rates because of the increment in fuel costs.

Cargo involves 2-2.5% of the general expense of a traveler vehicle. Because of the pandemic, shipping lines have scaled back the quantity of ships, which thusly has influenced the cargo rates. Concerning homegrown truck rentals, as of now the organization is haggling with carriers to factor in the sharp expansion in fuel costs. “Homegrown cargo rates are up in any event 10 12% due to the increment in fuel costs,” said Chaba.