The Supreme Court on Wednesday ordered a ban on sale and registration of vehicles compliant with BS III emission norms post 31st March. The result of this move was that dealers hastily gave out massive discounts on the outdated stock. Brands like Hero, TVS, Honda applied heavy discounts upto Rs 30,000 on their products overnight. There were reports of Honda Navi being sold at a price tag equivalent to an up-class smart phone. People, in order to take advantage of this demonetisation of vehicles, thronged outside showrooms hoping to buy themselves a new set of wheels at a slashed price.
However, many showrooms in New Delhi say that they have run out of stock of vehicles that are BS III compliant, and to avoid any confusion or chaos, the showrooms have been shut. A rumour has been doing rounds on the social media that showrooms in West Delhi are shut as they no longer have unsold stock of BS III compliant vehicles. Not just in the country capital, people queued outside showrooms in Gorakhpur, UP to purchase BS III vehicles.
Cars and motorcycles compliant to Bharat Stage IV emission norms are already available at some showrooms, however, most customers at least for today, have their eye on getting their hands on the BS III vehicles on discounted rates.
Brands like Hero MotoCorp, Tata Motors, Ashok Leyland, Mahindra & Mahindra and TVS Motor had opposed to the ban on sale of BS III vehicles arguing that the dealers had an unsold stock of about 9 lakh vehicles that had BS III compliant engines. The auto industry had said that the collective loss would amount to Rs 12,000 crore. However, maintaining that people's health was way more important than any commercial losses, the Supreme Court went ahead with the ban on BS III vehicles.