The Supreme Court has recently announced good news for the carmakers. It has granted an extension for the BS4 registration vehicles in India. The carmakers will now be able to sell out the cars existing cars with enough time. With that being said, the date of BS6 emission norms had been increased from March 31 to 10 days. Due to the lockdown, the industry of automobiles has witnessed a lot of financial crises. Not only the industry of automobiles, but it has also affected all kinds of industries extensively.
The corona outbreak has impacted the financial states of companies, and it has hit hard on the whole Indian economy. The number of cases is increasing extensively, and companies are still trying hard to get along with it. As we reported earlier, MG Hector has even started the program “Disinfect and deliver.” The company will disinfect the car thoroughly and deliver them safely to their homes.
The Supreme Court has also set one condition that 10% of the unsold BS4 vehicles will be allowed for sale. The ruling further declared that this would not be applicable to the Delhi NCR. The sales of the BS4 was already impacted due to the COVID-19 outbreak. With this in mind, Supreme Court may extend BS4 registration again because of the extension of lockdown in India. It is being said that Rs. 6,400 crore worth of BS4 vehicles are still unsold in India. In this situation, it will be exceedingly tough for the companies or dealerships to sell out the cars.