Ashok Leyland Statement on Supreme Court judgement on BS3 vehicles

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Mr Vinod K Dasari who is the MD and CEO of Ashok Leyland has responded to Supreme Court’s judgement on BS3 vehicles.

Mr Vinod K Dasari has provided the following statement:

Contrary to the various reports in the media about Ashok Leyland having to take a huge write-off of BS III inventories, the Company clarifies that in-fact the impact will be minimal.

Ashok Leyland has been making BS IV vehicles since 2010 and has sufficient capability and capacity to make BS IV vehicles. However, since BS IV Commercial Vehicles cannot run properly on BS III fuel – and such fuel is not available nationwide – our customers continued to buy BS III vehicles. Till date, we have sold about 50,000 BS IV vehicles to customers who have access to BS IV fuel.

Mr Vinod also added,

Given the current demand, majority of the vehicles in the pipeline have already been sold. Some more will be sold in the next couple of days where we have customer orders. Of the little inventory that we expect to remain beyond this, we will export them to other markets where we have significant presence and still operate on BS III norms. Finally, for any other vehicles still leftover, the Company confirms that it will be able to easily upgrade them to BS IV at minimal cost.

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Author: Chethan Thimmappa

I cover latest automobile news in India with special focus on cars and bikes. Please send me an email to reach@gaadikey.com for any enquiries. Follow me on twitter and facebook as well!

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