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Auto dealers fear huge losses with BS-IV inventory stuck in Covid-19 jam

They say the 10-day extension given for the sale of these vehicles will serve no purpose as consumer sentiment is not likely to revive after the lockdown is lifted

auto sale

CARE Ratings said that while the industry players were looking for a 3-month extension, i.e., till June 30, the 10 day extension post the lockdown by the Supreme court is not expected to do the industry any good.

T E Narasimhan Chennai
The community of auto dealers has said it would be losing thousands of crores as it is stuck with unsold BS-IV stocks due to the Covid 19 crisis. Dealers are also unable to access the portal for vehicle Many expecting a bumpy ride for the auto sector till the second half of the year.

The Federation of Automobile Dealers’ Association (FADA) said that VahanPortal, used for registering new vehicles, has been disabled across the country even though its staff is working from home. If the portal isn't up and running soon, dealers will face thousands of crores of loss as they

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First Published: Mar 31 2020 | 7:42 PM IST

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