Automakers fear an immediate loss of ‘hundreds of crores of rupees’ due to ban on new diesel vehicles in the national capital, as confusion reigns supreme in the industry over delivery of already-book
Automakers fear an immediate loss of ‘hundreds of crores of rupees’ due to ban on new diesel vehicles in the national capital, as confusion reigns supreme in the industry over delivery of already-booked inventory. The companies want the government to immediately clarify about registration and delivery of the vehicles for which the customers have already made part or full payments, even as they also stare at huge losses in form of the inventory they had lined up for year-end sales — typically a period when industry doles out big discounts to clear the inventories.
The auto industry was jolted into this ‘confused’ state after the NGT on Friday ordered an immediate ban on registration of diesel-run vehicles in Delhi as also on renewal of registration of such vehicles which are more than 10 years old. According to estimates, the order has led to an immediate impact on ‘thousands’ of diesel vehicles, including high-end cars, that have already been booked by the customers and the process was underway to deliver those vehicles.
