“Many automobile companies across the two wheeler, three wheeler and trucks left with a huge 8 lakh numbering stock pile up of BSIII vehicles (80% being two wheelers) have been put in a situation by the supreme court by banning the sale and registration of BSIII vehicles after 31 March 2017. They are left with a few options to cut loss and get themselves out of this knot- sale of discounted vehicles ( very little time at their disposal to help them sell all or some of the stock), upgrade the BS III vehicles to BS IV ( this will involve cost ranging from a few thousands for 2 wheelers to a few 10K – 100k for larger vehicles) and finding markets outside of India in countries which are still plying with BS III vehicles or a combination of these to quickly come out of this mess. Going forward the message from the government is clear to work towards BS VI by April 2020 and one wishes the OEM do not forget History and plan for an effective transitioning at that time.”
Related Articles
Grant Thornton’s latest publication: Electric Vehicles: Is the Indian automobile sector ready?
Grant Thornton’s latest publication: Electric Vehicles: Is the Indian automobile sector ready? · India’s electric vehicles industry · Global industry scenario · Challenges faced by the electric vehicles industry in India · Opportunities: Moving towards […]
Reaction quote from Grant Thornton: SIAM data
“Performance levels of the auto sector across Passenger vehicles, two wheelers and commercial vehicles are back on track to pre demonetization days on account of a revival in the confidence levels, introduction of more facelifts […]
Reaction quote from Grant Thornton: SIAM data
The reaction quote from Sridhar V, Partner, Grant Thornton India LLP “Auto sector has seen a refreshing growth across all segments and has witnessed highest dispatches primarily because of new introductions during the festival season, favorable […]