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SC ban: Auto industry stuck with inventory worth Rs 12,000 crore

SC ban: Auto industry stuck with inventory worth Rs 12,000 crore

Thursday, March 30, 2017, 10:57 AM

Top commercial vehicle makers such as Tata Motors, Ashok Leyland and Mahindra & Mahindra, and two-wheeler majors Hero MotoCorp, Honda and TVS are saddled with near-junk inventory worth over Rs.12,000 crore, after Supreme Court's decision to disallow sale and registration of BS-III vehicles from April 1. Total inventory of commercial vehicles, two-wheelers, three-wheelers, and passenger vehicles was 8.24 lakh units as on March 20.
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