Reportedly with only five months to go for new emission norms to kick in, automakers have started the drive to launch BS-VI petrol vehicles. However, BS-VI variants seem to move slower with customers preferring BS-IV variant products in the current festival season. Auto companies have been doling out a number of offers to reduce their BS-IV inventories with some offering discounts up to ₹1 lakh on certain products in their portfolio.
Deep discounts have boosted sentiments to some extent, during the first ten days of the festive season leading up to Dussehera. Sources say Maruti Suzuki saw an uptake in wholesale and retail sales of their BS-IV products by 5-7% in these 10 days helping clear stocks.
“Sales of BS-VI are not booming but at the same time we do not have much unsold BS-IV inventory. We planned our BS-VI product launches ahead of the deadline,” said RC Bhargava, chairman of maruti Suzuki.
