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Auto companies have a pile of BS-IV cars to sell before March deadline

Auto companies have a pile of BS-IV cars to sell before March deadline

Saturday, February 22, 2020, 12:34 PM

Dealerships are left with a significant stock of Bharat Stage-IV emission norms compliant vehicles which cannot be sold or registered in the country from April 1 despite production cuts by manufacturers as retail sales declined for a second consecutive month in January. Registration of vehicles with the regional transport authorities, which is a proxy for retail, fell 7.2% year on year in January.
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