The stringent BS6 emission norms will come into action by 1st April 2020, and due to this lock-down in India, around 7,20,000 BS4 vehicles remained unsold at dealerships across the country.
Coronavirus pandemic is affecting the Indian automobile industry on a large scale. The stringent BS6 emission norms will come into action by 1st April 2020, and due to this lock-down in India, around 7,20,000 BS4 vehicles remain unsold at dealerships across the country.
Also Read: Will Kia Seltos Deliveries Get Delayed As Production Suspended Due to CoronaVirus?
Coronavirus pandemic is affecting the Indian automobile industry on a large scale
The leftover BS4 vehicle consists of 7 lakh two-wheelers, 12,000 passenger vehicles and 8,000 commercial vehicles. The deadline for the discontinuation of BS4 vehicles is barely a week away, that’s why Federation of Automobile Dealers Association (FADA) has recently filed a petition with the Supreme Court in relation to extension of the deadline till May end. FADA represents around 26,000 dealerships across the country.
FADA president, Asish Kale said, “There is no way that we will be able to liquidate the stock (before the deadline).”
“This is an extraordinary situation and there is very little a dealer can do. This is something that is not in our hands,” he added.
Mr Kale said that 27th March is the expected date for the court’s hearing of FADA’s petition, but FADA has requested if the court hearing session can happen early.
Also Read: You Might be Able to Buy BS4 Cars Till May 31, Courtesy Coronavirus
The Indian automobile industry is losing around Rs 1,500 crore every day, due to this lock-down
“In case we are not heard by the Supreme Court, we will engage with the OEMs and see how the stock can be returned to them. We will have to do that — there are many dealers who will not be able to bear this loss,” said Ashish
He also said that even the potential buyers, who have made booking for BS4 vehicles are not able to conclude their purchase. Even before the strict rule of social distancing and lock-down implemented in the country, the walk-ins to dealership floors were dropped as the people were scared COVID-19 pandemic. The Indian automobile industry is losing around Rs 1,500 crore every day, due to this lock-down.