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Despite heavy discounts, automakers stuck with 140,000 BS-III vehicles

Despite heavy discounts, automakers stuck with 140,000 BS-III vehicles

Wednesday, April 12, 2017, 8:06 AM

Automobile manufacturers are saddled with inventory of more than 140,000 BS-III compliant vehicles valued at Rs 5,633 crore despite heavy discounting last month after the Supreme Court halted the sale and registration of vehicles that fail to comply with BS-IV emission standards from April 1, 2017. The bulk of the unsold inventory, worth Rs 5,076 crore, remains with the country’s leading commercial vehicle manufacturers.
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