Unsold BS III Stock: Vehicle dealers offer heavy discount across the country
- Author: Zachary Reyes Mar 31, 2017,
Mar 31, 2017, 18:04
The Supreme Court announced a ban on the sale and registration of Bharat Stage III (BS-III) vehicles from 1 April.
Health of people is far more important than commercial interests, says the apex court. The Company had made available BS IV models as required by the notifications of Government of India from time to time and has been ramping up its BSIV production for nationwide implementation from April 1, 2017.
Many majors are also offering free insurance on top of discounts on the BS-III vehicles.
The Bajaj Pulsar RS200 BSIII is being offered with a discount of INR 12,500.
Hero MotoCorp is offering discounts of up to Rs 12,500 on Duet which is priced at Rs 49,480.
President of the AP and Telangana Automobile Dealers' Association, Y. Rama Koteswara Rao, said two-wheeler dealers in the state will be badly hit since they have inventory of almost 27,000 vehicles. "We are left with 150 more and only one day to complete all the formalities, which is a big challenge". Md Safi Patel, manager of Mainashri Bajaj said, CT 100 and Discover bikes were sold at the Rs 5000 cheaper and Avenger at Rs 7000 cheaper.
Though many companies haven't come-up yet and announced discounts on their BS-III inventory, many reports suggest they have silently started giving discounts in showrooms. "My dealers and vendors have some inventory with them, we will compensate them for it". "It is easy for us to export because we have a huge export market. But they can not attract enough of them inside showrooms", said John K Paul, president, Federation of Automobile Dealers' Associations, adding that the discounts might not apply in the case of commercial vehicles.
There is heavy discount being offered on trucks and buses as well. In Delhi, Triumph's best-selling adventure bike, the Triumph Tiger 800 XR is being offered at Rs 80,000 discount, with an additional Rs 66,000 worth of accessories thrown in.
The court further ruled that all the vehicle registering authorities under the Motor Vehicles Act, 1988, are prohibited from registering non-BS-IV compliant vehicles except on proof that such a vehicle has already been sold on or before 31 March 2017. The number of bookings on a normal day is 6 to 7, but since Friday is the last day bookings, Thursday saw double that number of bookings, said a salesman from Bajaj showroom. Meanwhile, the companies have to deal with mad rush for registration of vehicles.