Katamarayudu telugu movie review | Katamarayudu Movie Review Rating | Katamarayudu Review | Pawan Kalyan Katamarayudu

X
close save
crop image
x
TM
Thu, Jun 29, 2017 | Last Updated 11:09 am IST

Menu &Sections

Search

SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India

SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India
SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com


Post the Supreme Court hearing last month which banned the sales and registration of all BS-III vehicles, many dealers and auto makers were forced to clear their existing inventory and were offering huge discounts. SIAM claims that these discounts have added up to a loss of over Rs 1,200 crore.

SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India



This is not the first time the auto industry has faced such a big loss. During the diesel ban which lasted for eight months between December 2015 - July 2016 the industry suffered a loss of over Rs 4,500 crore and now with banning of BS-III vehicles the industry is likely to report a loss of Rs 2,000 crore.

SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India



While diesel ban affected passenger vehicles with over 2.0L diesel engines, the BS-III vehicles registration ban has affected the commercial vehicle and two-wheeler industry. The Auto industry with no other option left is looking to export its unsold inventory to its export markets.



SIAM said that over 1.2 lakh units of BS-III vehicles remained unsold across India
5/ 5 - (1 votes)
Add To Favourite
More from author
About the author

Nanotechnology Degree Holder. Movie Geek. Crazy about comics and cartoons. Hardcore Cricket Lover. Photoshop Professional