BS-4 stock to the tune of seven lakh two-wheelers, 12,000 passenger vehicles and 8,000 commercial vehicles remains unsold at dealerships across India amid the coronavirus pandemic that has led to lockdowns and closure of non-essential businesses. There’s just a week to go for the BS-4 stock liquidation deadline.
As of March 27 has been listed as the probable date for the Supreme Court’s hearing of FADA’s petition. FADA has requested an earlier hearing.
“In case we are not heard by the Supreme Court, we will engage with the OEMs and see how the stock can be returned to them. We will have to do that — there are many dealers who will not be able to bear this loss,” said Ashish Kale, FADA President.
The dealership channels are grappling with BSIV stock worth Rs 6,350 cr:
- 7 lakh 2Ws worth Rs 3,850cr
- 15,000 cars valued at Rs 1,050cr
- 12,000 CVs worth Rs 1,440cr
As of mid-March, Hero alone had inventory of 4 lakh+ 2Ws.
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Source: The Hindu, Business line