Starting Today ( 1 April 2020), India has officially entered strict BS6 emission era. A whooping Rs 70,000 crore has been spent from last 4 years by the auto and auto component industry to upgrade its technology to meet BS6 emission norms.
The auto majors have poured in about Rs 40,000 crore for this transition to happen and has invested heavily in upgrading facilities and products. About Rs 30,000 crore has been spent by auto component industry.
The long term effect of migrating to stricter emission norms like BS6 is beneficial to the country resulting in cleaner and healthier air. In short term, dealerships and OEMs are going to bear the pain in getting used to escalated price for BS6 models and turning around the slow-down phase.
Many manufacturers like Maruti Suzuki, Toyota and Royal Enfield barely have any BS4 inventory left and has systematically eliminated BS4 models way ahead of the schedule.
The ongoing lockdown due to global pandemic has made Supreme court to allow 10% of BS4 vehicles to be sold post lock-down for 10 days.
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