“You cannot play games", India's top court tells the country's car dealers
- On March 27, 2020, the top court had allowed for the sale of 1.05 lakh vehicles for 10 days after
car salesbegan in May.
- However, at a hearing today led by
Justice Arun Mishra, the court said that according to reports a total of 2.25 lakh vehicles were sold.
- The Indian government had earlier set a deadline of April 2020 for the transition to
BSVIvehicles – those that comply with the latest emission norms.
On March 27, 2020, with the deadline for BSIV vehicles fast approaching and
However, at a hearing today led by Justice Arun Mishra, the court said that according to reports a total of 2.25 lakh vehicles were sold. “You cannot play games with the Supreme Court? Why didn't you file a second affidavit by May. It's the end of June now,” said Justice Mishra during the hearing to
FADA had approached the court to extend the registration day to 15 more days, until May-end.
Now, the Supreme Court has sought the details of sale and registration by FADA by Friday.
The Indian government had set a deadline for April for the transition to BSVI vehicles – those that comply with the latest emission norms – and the unsold inventory of BSIV vehicles would have been rendered useless after April 1
This was also one of the reasons for the auto slowdown in 2019 as consumers refrained from buying the older models. However in August 2019, Finance Minister Nirmala Sitharaman had said that BS-IV vehicles purchased until March 30, 2020 will be allowed to run on the roads for the duration of the registration.The vehicles were also eligible for 30% depreciation, double that of the rate of 15% applicable then.
After Maruti and Hyundai, Tata Motors offers discounts as car makers get squeezed between slow sales and slower registrations
JLR saved the last quarter for Tata motors— but the challenges in China, UK, and Europe are mounting
Popular on BI
- Poco X5 Pro Review - Solid performance, boring design
- PM launches 20% ethanol blended petrol in 11 states/UTs
- ITC stock scales 52-week high as brokerages hike target price
- Last mile deliveries, food aggregators to drive E2W growth says Redseer
- Poco’s mid-range smartphone X5 Pro 5G launched in India starting at ₹22,999