The Supreme Court on Wednesday imposed a restriction on sale of BS III vehicles from April 1 when the BS IV discharge standards for vehicles will come in constrain.
The apex court said that the auto organizations knew about the warning, yet chose to sit back. It included it is imperative for the industry to move far from business misfortunes and concentrate on environment norms given unsafe contamination condition.
The decision seals the fate of 824,000 unsold two and three-wheelers, trucks and transports. By and large worth over Rs 12,000 crore, the stock risks being transformed into garbage if the apex court decides that such vehicles can’t be permitted to be enlisted.
Rajiv Bajaj, MD of Bajaj Auto said that the judgment is stunning. The unsold stock would be occupied to the abroad market. While there will be torment in business, the choice is sure for the nation. “A just cause never fails,” he told media.
This is a flag that things are changing and something more from the business is normal, Bajaj said.
BS III creation ascended after demonetisation, when it in a perfect world ought to have been lessened and knowing the BS-IV course of events.