TVS Motor offers discounts of over Rs 20,000 on its BS III two-wheelers - The Financial Express

TVS Motor offers discounts of over Rs 20,000 on its BS III two-wheelers

If the date of sale on the invoice of the vehicle purchased is 31st March, it can be registered later in the month of April

By: | Updated: March 31, 2017 11:40 AM

The Supreme Court on 29th March ordered a ban on sale and registration of BS III vehicles starting 1st April, which is also the day when BS IV emission norms were put into place. However, auto manufacturers had a massive inventory of BS III vehicles, which can not be sold after 31st March. Hence, dealers have been giving out major discounts on the outdated vehicles in order to clear out as much from the stock as possible. Before the Supreme Court order, the BS III vehicle inventory stood at about 9 lakh units, worth Rs 12,000 crore. Among others, TVS has announced discounts upto Rs 20,150 on its two-wheelers.

TVS' flagship motorcycle, the Apache RTR 200 is now on sale at a heavy discount. The offer is valid until midnight of 31st March. If the date of sale on the invoice of the vehicle purchased is 31st March, it can be registered later in the month of April. Also, a new stock of Apache RTRs with BS IV compliant engines has arrived at showrooms.

After a prolonged hearing at the Supreme Court, with auto dealers arguing that they would face a major loss if BS III vehicles are banned, the court said that health concerns were more important than inventories of outdated stock.

The automobile industry had been divided on the issue as some brands had supported the court's ban on sale of BS III vehicles as they had stopped manufacturing BS III engines long back. While some like, Hero MotoCorp had objected to the ban as the company had a large inventory of BS III vehicles.

However, now with the ban in place, vehicles with BS III compliant engines will not be sold after 31st March, and hence fresh stock of BS IV compliant vehicles arrived at many dealerships.

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