BS-III vehicle ban: Heavy discounts on bikes, trucks and buses
There is a discount frenzy across following the verdict of the Supreme Court which banned sale of old and polluting Bharat Stage III vehicles. Discounts have been offered on bikes, three wheelers and buses.
Dealers who are desperate are giving discounts which are almost four fold higher when compared to the normal conditions. The BS-III inventory becomes obsolete after April 1.
Several media outlets reported that Honda Motorcycle and Scooters India are offering discounts of up to Rs 22,000 on the CBR 250 and on CBR 150. On other bikes it is offering Rs 18,500.
Hero Motocorp is offering discounts of Rs 12,500 in addition to free insurance. Bajaj Auto on the other hand has assured all its dealers that it would take back unsold units of its motorcycles and three wheelers.
There is heavy discount being offered on trucks and buses as well. Discounts of up to 4 to 12 per cent are being offered. This is approximately Rs 50,000. The discounts are likely to shoot up higher by tomorrow where dealers are making a mad rush to sell the vehicles by April 1.
The SC had said that buyers can register the BS-III vehicles after April 1 2017 provided they show proof of purchase dated before April 1. The SC was told that there are over 600,000 two-wheelers, 95,000 commercial vehicles and around 30,000 three-wheelers on unsold BS-III stock lying with manufacturers and dealers.