Rs 5000 Crore Worth of Stocks Left Unsold Due to BS3 Ban in India

BS3 vehicles were banned for sale after 31 March 2017, which led to a huge nationwide sale of most vehicles in India. A recent report suggests that out of 8.24 lakh units that were to be sold in those two days, 1.41 lakh are still left with the dealers. The total stock is estimated at INR 5,000 Crore and would most probably be exported to countries where BS3 emission norms are still legal. Out of all the two wheelers that were left on those last days, surprisingly 78,000 units did not found an owner and are piling dust on themselves in the stockyards.

Rs 5000 Crore Worth of Stocks Left Unsold Due to BS3 Ban in India

Not just that, Indian market still has 19,000 three wheelers and 44,000 commercial vehicles that are unsold till date. A report even mentioned that commercial vehicles could be easily converted to BS4 compliant versions while all other require more input cost and are not worth giving this turnover. Well, Indian market saw a sale of around INR 15,000 Crore worth of automobiles in those two days. The discounts on those last two days varied from 10% to 50% of the price of the vehicle, nothing less than an online flash sale in real life.

KTM also gave heavy discounts on its Duke & RC Range

BS4 emission norms are now applicable pan India as oil companies have even started retailing cleaner fuel for the country. Apart from the emission restrictions, two wheelers are now even fitted with automatic headlight on feature, switching on the headlight whenever the motorcycle is ignited. This move was planned in order to bring safer rides to the people of India and its real consequences are yet to be seen. Many manufacturers have discontinued the products that were slow selling as it was not profitable to convert them into BS4 compliant vehicles.

Even high end sport bikes were on discount till 31st March in India 

Data Source: NDTV Autos