Moneycontrol’s Shraddha Sharma gets in conversation with Swaraj Baggonkar to understand more about the unsold inventory of BS-IV commercial vehicles.
A bench headed by acting Chairperson Justice U D Salvi directed the Commissioner of Transport Department of Delhi government to register the vehicles, subject to certain conditions.
April 1, 2020 is the cut-off date imposed by the government to auto companies to migrate to BS-VI emission norms skipping the BS-V stage entirely.
The inventory will be at normal levels of three weeks to four weeks post April and won't be impacted because of BS-IV norms, said Vinod Aggarwal of Eicher Motors.
If the norms are delayed then companies who have been complacent would get the cost/price advantage, said Rajiv Bajaj, MD, Bajaj Auto.
Speaking to CNBC-TV18, Rajiv Bajaj, Managing Director of Bajaj Auto, said that while the industry had been badly hit by note ban, his company had been ready with BS-IV products since January.
Both NK Minda, Chairman, Minda Industries and N Muthukumar of Automotive Axles are confident of double-digit margin expansion for the companies going forward.
The National Green Tribunal (NGT) has directed the Delhi government to register two new diesel vehicles which are conforming to BS-IV norms and would be used for garbage disposal and handling of municipal waste generated in New Delhi Municipal Council (NDMC) area.
The Indian arm of German auto major Volkswagen, which had denied installing "cheat device" in their cars, today faced searching questions from the National Green Tribunal which came down heavily on it for violation of emission norms in the country.