Delhi’s loss is NCR’s gain. People rush to book SUVs in NCR after diesel ban by Supreme Court
Advertisement
After the Supreme Court slapped a temporary ban on registration of diesel vehicles with 2000cc-plus engines, many buyers are expected to rush to dealers in the National Capital Region (NCR) region.
It is speculated that registration of vehicles will shoot in the NCR.
Gaurav Vangaal, senior analyst-forecasting at IHS Automotive, told ET, "Dealers would also want to clear up available inventory. There will be a push on the supply side as well as a pull in the market. Discounting may start on these products."
As per reported, Delhi-NCR is the biggest market for big luxury vehicles as the region sells around 7,000-8,000 luxury units every year.
"It is a fact that people already register luxury vehicles outside Delhi to save registration charges. There is a loophole there. And this trend will go up once the ban is implemented,” Abdul Majeed, partner at Pricewaterhouse-Coopers, told ET.
(Image: Indiatimes)
Advertisement
It is speculated that registration of vehicles will shoot in the NCR.
Gaurav Vangaal, senior analyst-forecasting at IHS Automotive, told ET, "Dealers would also want to clear up available inventory. There will be a push on the supply side as well as a pull in the market. Discounting may start on these products."
As per reported, Delhi-NCR is the biggest market for big luxury vehicles as the region sells around 7,000-8,000 luxury units every year.
"It is a fact that people already register luxury vehicles outside Delhi to save registration charges. There is a loophole there. And this trend will go up once the ban is implemented,” Abdul Majeed, partner at Pricewaterhouse-Coopers, told ET.
Advertisement
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Foreign tourist arrivals in India will cross pre-pandemic level in 2024
- Upcoming smartphones launching in India in May 2024
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market