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Won't incur any loss due to SC ban on BS-III vehicle sales: Ashok Leyland

This is because the retro-fitment loss of around Rs 20 cr can be easily taken from the aftermarket

T E Narasimhan  |  Chennai 

Ashok Leyland

Commercial vehicle major said that the ban on the sale of vehicles will not impact the company's financial performance in any way.

Vinod K Dasari, managing director, said that the company had 10,664 vehicles, only 10 per cent of which were with the company's dealers.

dealers don't carry stocks beyond 5-7 days and function on a cash-and-carry basis.

The moment the order came in, the company told its dealers not to panic and assured them of its support, said Dasari after showcasing the indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for the BS-4 engine.

Dasari said that though it was painful, financially the company will not be impacted since the retro-fitment loss of around Rs 20 crore can be easily taken from the aftermarket.

He said the company has sold around 600,000 vehicles over the years, and that around 5-10 per cent of vehicles are replacing engines every year, which translates to around 30,000 engines an year.

"Net cost for the company will be zero," said Dasari, who claims that did not resort to any discount to clear the inventory.

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Won't incur any loss due to SC ban on BS-III vehicle sales: Ashok Leyland

This is because the retro-fitment loss of around Rs 20 cr can be easily taken from the aftermarket

Commercial vehicle major Ashok Leyland said that it will not have any financial effect due to Supreme Court's ban on the sale of BS-III vehicles.Vinod K Dasari, managing director, Ashok Leyland said that the company had 10,664 BS-III vehicles and 90 per cent of that was with the company.ALL dealers don't carry stocks beyond more than 5-7 days and always it has been cash and carry.The moment Supreme Court order came in, the company told the dealers not to panic and the company would back them, said Dasari after showcasing indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for BS4 engine.Dasari said that though it was painful, financially the company will not have any impact since the retro-fitment loss of around Rs 20 crore can be easily taken from the aftermarket.He narrated, company sold around six lakh BS-III vehicles over the years, around 5-10 per cent of vehicles are replacing engines every year which translates to around 30,000 engines an year."Net ... Commercial vehicle major said that the ban on the sale of vehicles will not impact the company's financial performance in any way.

Vinod K Dasari, managing director, said that the company had 10,664 vehicles, only 10 per cent of which were with the company's dealers.

dealers don't carry stocks beyond 5-7 days and function on a cash-and-carry basis.

The moment the order came in, the company told its dealers not to panic and assured them of its support, said Dasari after showcasing the indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for the BS-4 engine.

Dasari said that though it was painful, financially the company will not be impacted since the retro-fitment loss of around Rs 20 crore can be easily taken from the aftermarket.

He said the company has sold around 600,000 vehicles over the years, and that around 5-10 per cent of vehicles are replacing engines every year, which translates to around 30,000 engines an year.

"Net cost for the company will be zero," said Dasari, who claims that did not resort to any discount to clear the inventory.

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Business Standard
177 22

Won't incur any loss due to SC ban on BS-III vehicle sales: Ashok Leyland

This is because the retro-fitment loss of around Rs 20 cr can be easily taken from the aftermarket

Commercial vehicle major said that the ban on the sale of vehicles will not impact the company's financial performance in any way.

Vinod K Dasari, managing director, said that the company had 10,664 vehicles, only 10 per cent of which were with the company's dealers.

dealers don't carry stocks beyond 5-7 days and function on a cash-and-carry basis.

The moment the order came in, the company told its dealers not to panic and assured them of its support, said Dasari after showcasing the indigenously developed Intelligent Exhaust Gas Recirculation (iEGR) technology for the BS-4 engine.

Dasari said that though it was painful, financially the company will not be impacted since the retro-fitment loss of around Rs 20 crore can be easily taken from the aftermarket.

He said the company has sold around 600,000 vehicles over the years, and that around 5-10 per cent of vehicles are replacing engines every year, which translates to around 30,000 engines an year.

"Net cost for the company will be zero," said Dasari, who claims that did not resort to any discount to clear the inventory.

image
Business Standard
177 22