After a tumultuous last year, the CV industry is looking at a rare new period. Story by: Ashish Bhatia Supreme Court’s judgement to stop the sale of BSIII emission compliant vehicles on April 01, 2017, led to an unprecedented situation. CV manufacturers and dealers were left with an estimated inventory of 96,700 (and 40,048 three-wheelers) BSIII emission compliant CVs as[Read More…]
According to an ICRA report, CV sales are likely to remain subdued until the liquidity situation improves. The report mentions that the industry is also expected to witness some pre-buying in Q4 FY 2016-17 as the country progresses to Bharat Stage (BS)-IV emission norms in April 2017. The domestic CV industry, the report states, is unlikely to meet earlier forecast.[Read More…]
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