Earlier this month, the apex court had rolled back the March 27 order that allowed 10 percent of BS-IV vehicles to be sold after the lockdown restrictions were lifted.
According to industry sources, around 1,000 Hero MotoCorp dealers are holding close to 1.5 lakh BS-IV stock with them.
The Federation of Automobile Dealers Associations (FADA) on behalf of its members has once again approached the Supreme Court, and has filed an interlocutory application along with an application seeking modification in writ petition dated October 24, 2018.
"As planned, the company is on track to reducing dealer level BS-IV stock in the domestic market and is confident of retailing it this month," it said.
There are just four months left for BS-IV vehicles to sell. Companies are juggling difficult choices as the transition to BS-VI nears.
It is time the policymakers from Niti Aayog, Transport and Finance Ministries heed our prime minister's clarion call of “Sabka Saath, Sabka Vikas & Sabka Vishwas”.
A similar situation came in 2017 when India transitioned from BS-III vehicles to BS-IV and dealerships had to provide discounts up to 50 to 60 percent.
The government made its opposition to the green panel's directive crystal clear, three months after it moved the Supreme Court seeking lifting of the ban on decade-old diesel vehicles in Delhi and the National Capital Region (NCR).
Tractors and construction equipment vehicles have become collateral damage of the ban on BS-III vehicles imposed by the Supreme Court, with RTOs in many states turning down their registrations for being 'four- wheeler' although these have different emission norms.
"BS-III inventory is not very high, it is around sub-2,000 or 1,700-1,800. We should be able to export quite a bit out of it maybe more than 50 percent of it and balance we should be able to convert to BS-IV", Vinod Aggarwal, MD & CEO - VECV-Eicher Motors told CNBC-TV18.
Two-wheeler market leader Hero MotoCorp today said it has "almost" sold out all of its BS-III inventory ahead of the Supreme Court imposed ban on such vehicles kicking from Saturday.
With 6.71 lakh two-wheelers affected out of the total of over 8 lakh BS-III vehicles impacted by the ban, dealers said the immediate effort is to sell as many units as possible before the deadline by offering "unheard of discounts" in the industry.
As a company, we have taken a stand that in the long-term we go with global safety standards and global emission standards, said Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor.
The apex court said that the auto companies were aware of the notification, yet decided to sit back.
The Supreme Court on Wednesday banned the sale and registration of BS-III vehicles from April 1.
Sources tell CNBC TV18 that roads ministry stands by its policy of not allowing manufacturing of vehicles which are BS-III compliant post-March 31, but they are not against the sale of the inventory post-April 1, 2017.
The government had stipulated that auto firms cannot produce BS-III vehicles after April 1. But there was confusion in the industry whether this applied to the sale of BS-III vehicles as well.
As a large section of manufacturers remain adamant over continuing sales of old Bharat Stage III (BS-III) vehicles even after March 31, the matter has now been brought to the notice of the National Green Tribunal.
The National Green Tribunal has rapped public sector oil companies for not submitting status report on their 10-year old diesel trucks used for transporting petrol or petroleum products.
Eric Nesselhauf, Managing Director of Daimler India Commercial Vehicles (DICV), said that some companies are deliberately trying to defer the transition to the higher emission standard.
In an exclusive interview with CNBC-TV18, Anuj Kathuria says the scrappage policy on trucks - which was expected in the Budget, will determine the outlook for the ICV and HCV segments.
India's top automakers are seeking relief from the government over the imposition of stricter emission rules from April this year. No Bharat Stage-III or BS- III compliant vehicles cannot be made or sold after April this year. The industry should move to the next level of emission norms called Bharat State-IV or BS- IV.
The argument, made by Society of Indian Automobile Manufacturers (SIAM), came on a day the Supreme Court- appointed EPCA reiterated that BS-III compliant vehicles, even those seeking national permit, will not be registered in the National Capital Region from April 1.
After witnessing a "huge impact" due to demonetisation in November, homegrown auto major Tata Motors says it is seeing signs of recovery since the second half of December.