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Auto stocks fall as SC bans sale of BS-III vehicles from April 1

Auto stocks fall as SC bans sale of BS-III vehicles from April 1

Wednesday, March 29, 2017, 4:04 PM

Shares of automakers fell after Supreme Court today imposed a ban on sale of BS-III vehicles from April 1, 2017. The apex court said that the manufacturers were fully aware of April 1 deadline in advance, adding that public health more important than inventories. The Nifty Auto index fell nearly 1% post the decision dragged by HeroMoto Corp, Ashok Leyland, M&M and Tata Motors.
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