The Indian government has banned the Bharat Stage III vehicles production and selling. The initiative was taken to reduce the level of pollution from the environment. The companies tried to consult the supreme court, but they prioritized environment more.
Previously, other car makers suggested Indian commercial vehicle majors to convert their BSIII vehicle to the BSIV vehicles. There are more than 120,000 vehicles are kept untouched in the market, which are of no use, as they are banned.
As per the latest reports, the automaker industries are facing a major loss. This time it is reported that still there is some disbalance in the amount, nearly f Rs 5K crore.
Sugato Sen, deputy director general, Society of Indian Automobile Manufacturers (SIAM), said, "The first option for all manufacturers is to export these vehicles to markets conforming to BS III norms. It will be expensive to bring back the vehicles to factories and upgrade them to BS IV standards. Each company is examining how to go about dealing with the unsold inventory."
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