Mahindra & Mahindra and Tata Motors edged higher at 11:10 IST on BSE after the National Green Tribunal directed that all the diesel vehicles which are more than ten years old will not be permitted to ply on the road in the major cities of Kerala.
Mahindra & Mahindra (up 0.23% at Rs 1,289.25) and Tata Motors (up 2.08% at Rs 390.70) edged higher. Maruti Suzuki India (down 0.09% at Rs 3,908) edged lower.
Meanwhile, the S&P BSE Sensex was up 5.05 points or 0.02% at 25,235.41.
The National Green Tribunal in its order dated yesterday, 23 May 2016, directed that all the diesel vehicles, whether light or heavy, which are more than ten years old, will not be permitted to ply on the road in the major cities of Kerala upon expiry of 30 days starting from 23 May 2016, to curb pollution.
The latest order from NGT banning more than 10 year old diesel vehicles in major cities of Kerala is expected to spur demand for new purchases.
The NGT also directed that Kerala will not register new diesel vehicles with the capacity of 2,000 CC and above, except public transport and local authority vehicles.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app