With just two weeks left for the automobile sector to switch over to the new emission norms, two-wheeler dealers in the country are sitting on BS-IV inventory worth over Rs 3,800 crore.
Federation of Automobile Dealers Associations (Fada) says a very high number of two-wheeler dealers will not be able to fully liquidate their BS-IV inventory and its members have expressed inadequate support from their original equipment manufacturers (OEMs) for 100 per cent liquidation of this stock. After March 31, BS-IV vehicles can't be sold in India. Fada says 700,000 BS-IV two-wheelers are lying with dealers, valued at around Rs 3,850