According to ICRA Analytics, India’s highway toll revenue increased by about 16 per cent to Rs 491.93 billion between January and September 2025, up from Rs 424.74 billion during the same period the year before.
The number of transactions involving toll-paying traffic rose by 12 per cent to 2.69 billion, from 2.39 billion during the same period in 2024.
In 2024, electronic toll collection (ETC) on national highways totalled Rs 579.40 billion, an 11 per cent increase over 2023 figures at Rs 523.16 billion. A 7 per cent increase in overall traffic was reflected in the total number of ETC transactions, which increased from 3.04 million in 2023 to 3.25 million in 2024.
According to ICRA Analytics, a higher proportion of heavy trucks and recurring adjustments to user fees are the cause for the toll revenue’s faster growth in comparison to traffic levels.
In the first nine months of 2025, the western region of India generated around 30 per cent of the country’s toll income, with the southern and northern regions coming in second and third. Together, the east and central zones made up 22 per cent, preserving the stable regional balance.
In East, Central, and West India, where commercial vehicles account for more than half of toll traffic, freight-heavy lanes still predominate. Important routes include NH-48 and NH-66 in the West, NH-6 and NH-49 in the Northeast, NH-16 (Kolkata–Chennai), and NH-53 (Surat–Nagpur–Kolkata). These corridors promote industrial and logistics activities between mining belts and ports.
Both North and South India continue to see a high volume of passenger traffic, with vehicles and jeeps making up 65-70 per cent of toll transactions. Urban clusters, commuter belts, and increased personal usage of vehicles are the main drivers of this trend.