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Supreme court Banned the sales of BS-III Vehicles

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.

Comments

  1. Ankur Tripathi29 April 2017 at 11:15

    No matter what SC has said, BS III vehicles ended up on road. There has to be proper mechanism to convert BS III into BS IV and only then they should be allowed to go for sale in the open market, or else the entire exercise of saving environment will go in vain as the mindset of the people is still same, they prefer to save now than to spend more in future in terms of health expenses.

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