SAMIL, Being the Helping Hand for Automotive Manufacturers
1 min readMar 31, 2017
Supreme Court result is finally out, finally BS-III vehicles sale is banned in the country. This Wednesday i.e. 29th March’2017, after the final result from Supreme Court, Auto Stocks fell by 3% as vehicles which are not compliant with BS-IV norms are not to be sold or registered after 1st April’2017.
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The Automobile industry, which is stuck with the stock of 8.24lakh units of unsold BS-III vehicles, has faced quite a downfall, whereas Passenger Vehicle Manufacturers, who already started manufacturing BS-IV compliant vehicles, will not face quite an impact on them after BS-III vehicle ban.
