With the Supreme Court ruling ban on sale and registration of BS 3 vehicles from 1st April 2017, automobile manufactures especially bike and scooter manufacturers are offering heavy discounts to sell off their BS 3 compaliant vehicles.
How has the Supreme Court ruling affected the automobile industry?
The change in emission rules have forced the two wheeler manufacturers to offer immense discounts on the BS 3 compliant motorcycles and scooters. If reports are to be believed, approximately 6,40,000 two wheelers with BS 3 compliant engines are parked and need to sold within next few hours. If not sold then the only options remaining would be to scrap them or export them to some other market. Both these options would require further investment on the idling stock.
What is BS 3?
BS stands for Bharat Stage. It is an emission norm set by the Government of India to measure the amount of pollution a emitted by a vehicle. Till now, BS 3 vehicles were allowed to be sold in India. However, from April 1, no manufacturer will be allowed to sell a BS3 vehicle. All vehicles to be eligible to be sold in India must be BS4 compliant. The few remaining hours before 1st April 2017, is the best time to get massive discounts on bikes and scooters across all brands. It is reported that some Honda Dealers are even offering a new Navi 110 free with the purchase of Honda CBR150R or CBR250R!
Here are the number of discounts available across market leaders in India.
Hero MotoCorp dealers are offering somewhere around INR 5,000 discount on the existing BS 3 range of vehicles. The discounts among certain vehicles like Maestro Edge goes up to INR 12,500. On the other hand, Honda dealers, are offering a discount of as much as INR 22,000 off on CBR250R and CBR150R across the country. Honda CB Shine gets a discount of INR 20,000 off while CB Unicorn 160 and Dream Yuga can be purchased with a discount of INR 15,000-20,000 discount. Some dealers are even offering Honda Navi with a discount of INR 18,500 while the Dio with Rs 12,000 discount on its price tag.