Supreme court ordered today that BS-III Vehicles will not be sold from 1st of April 2017. Basically this has been done to reduce the air pollution. Several Automobile companies has inventory of BS-III they have around 8.5 lakh vehicle with BS-III engines in their inventory, as per reports. The estimated worth of these BS-III vehicles is around Rs 12,000 crore, reports suggested. This has created a panic in Auto index and most of the shares has gone down. Earlier the court rejected auto companies plea over the demand for relief of six to seven months.
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