BS-III ban: Up to Rs 20K discount on 2-wheelers, Rs 50K-1L off on cars
Updated: May 11, two thousand seventeen 17:11 IST
By Sunny Sen , Hindustan Times, Fresh Delhi
There has been a unexpected rise in buyers at automobile showrooms after the Supreme Court banned the sale of BS-III vehicles from April one in an attempt to reduce vehicular emissions. While the automobile industry cried foul on the unexpected ban as there is 8.25 lakh of unsold inventory with automobile makers and dealers, dealerships have attempted to shove out the inventory at mighty discounts.
As per the ruling, even tho’ no BS-III vehicles can be bought after March 31, all vehicles bought until then will be registered even in April.
In Rajasthan, there are about three hundred fifty dealers who are not panicked by the order. «The companies are suggesting powerful discounts on two-wheelers and four wheelers, which is from Rs 15,000- Rs 20,000 on two-wheelers and Rs 50,000 to a lakh on four-wheelers,» said Sai Girdhar, secretary, Rajasthan Authorised Motor Vehicle Dealers Association.
The discounts and footfalls are skewed towards two-wheelers` dealers, where the country-wide inventory is the highest at 7.Five lakh vehicles.
In Guwahati, Assam, DR Brijmohan, Hero Motorcorp`s largest dealer, dropped prices on all BS III models by Rs 7,000 to Rs 15,000. «Sales enlargened significantly, especially for scooters. We have run out of stock and many customers had to come back empty-handed,» said a DR Brijmohan sales executive.
The dealers said that most of the discounts are absorbed by the respective companies. The automakers, however, refrained from commenting on the matter. But, on Wednesday, Pawan Munjal, chairman, MD and CEO of Hero MotoCorp, said, «We have diminished our inventory significantly in the past few months with the aim to minimise our stakeholder losses.»
In Madhya Pradesh, people thronged the dealerships. Two-wheeler dealer Surjeet Bajaj suggested a concession of Rs Five,000. Other dealerships suggested Rs 15,000 in discounts. Some dealerships put up a «booked» signboard outside. Vishal Jauhari, vice-president of MP Automobile Association, said the suggest of concession was mainly on two-wheelers.
In Ranchi, the proprietor of one of the largest two-wheeler showrooms said most of them had opened discounts as it was driving in footfalls. «Once the customers come to the showrooms, it helps us sell the fresh products as well…BS-III has become a marketing instrument,» the holder said.
BS-III ban: Up to Rs 20K discount on 2-wheelers, Rs 50K-1L off on cars, business-news, Hindustan Times
BS-III ban: Up to Rs 20K discount on 2-wheelers, Rs 50K-1L off on cars
Updated: May 11, two thousand seventeen 17:11 IST
By Sunny Sen , Hindustan Times, Fresh Delhi
There has been a unexpected rise in buyers at automobile showrooms after the Supreme Court banned the sale of BS-III vehicles from April one in an attempt to reduce vehicular emissions. While the automobile industry cried foul on the unexpected ban as there is 8.25 lakh of unsold inventory with automobile makers and dealers, dealerships have attempted to thrust out the inventory at mighty discounts.
As per the ruling, even tho’ no BS-III vehicles can be bought after March 31, all vehicles bought until then will be registered even in April.
In Rajasthan, there are about three hundred fifty dealers who are not panicked by the order. «The companies are suggesting mighty discounts on two-wheelers and four wheelers, which is from Rs 15,000- Rs 20,000 on two-wheelers and Rs 50,000 to a lakh on four-wheelers,» said Sai Girdhar, secretary, Rajasthan Authorised Motor Vehicle Dealers Association.
The discounts and footfalls are skewed towards two-wheelers` dealers, where the country-wide inventory is the highest at 7.Five lakh vehicles.
In Guwahati, Assam, DR Brijmohan, Hero Motorcorp`s largest dealer, dropped prices on all BS III models by Rs 7,000 to Rs 15,000. «Sales enlargened significantly, especially for scooters. We have run out of stock and many customers had to come back empty-handed,» said a DR Brijmohan sales executive.
The dealers said that most of the discounts are absorbed by the respective companies. The automakers, however, refrained from commenting on the matter. But, on Wednesday, Pawan Munjal, chairman, MD and CEO of Hero MotoCorp, said, «We have diminished our inventory significantly in the past few months with the aim to minimise our stakeholder losses.»
In Madhya Pradesh, people thronged the dealerships. Two-wheeler dealer Surjeet Bajaj suggested a concession of Rs Five,000. Other dealerships suggested Rs 15,000 in discounts. Some dealerships put up a «booked» signboard outside. Vishal Jauhari, vice-president of MP Automobile Association, said the suggest of concession was mainly on two-wheelers.
In Ranchi, the proprietor of one of the largest two-wheeler showrooms said most of them had opened discounts as it was driving in footfalls. «Once the customers come to the showrooms, it helps us sell the fresh products as well…BS-III has become a marketing device,» the possessor said.