ICRA says upgradation of vehicles is the only way to prevent loss
ICRA says upgradation of vehicles is the only way to prevent loss
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The Indian government has banned the Bharat Stage III compliant vehicles and now no automaker can manufacture this featured vehicle and even it cannot be sold in the market. After the ban, many automakers filed a plea for the prolongation of the deadline of the ban, but SC denied.

Now, millions of Indian BSIII compliant are kept unused and unsold in the firms. India's investment and credit agency ICRA said that if India wants to prevent the loss, there's only one way, they can upgrade the BSIII vehicles to BSIV.

ICRA gave statement, "As a result of these factors, we believe that upgrading the vehicles to BS IV norms may be difficult for OEMs and exports could be the most pragmatic solution."

 

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