Supreme court of India has Given Shock to Automobile industries by making Bans on the BS-3 Vehicles . It has passed Strict Orders of banning these Vehicles and there will be No more Sales and Registration of these BS -III Vehicles From April 1st .
By this Order around 12 thousand Crores of BS-III Inventory will not be on use and causes so much revenue to Automobile Companies. Currently in india there is 8.5 lakhs of BS-III Vehicles on Use as per quoted in Ciamoi Data .
In these Categories there are
- 96 thousand Commerical Vehicle
- 6 lakhs Two – wheelers
- 40 thousand Three – wheelers
By these Supreme Court Orders These vehicles will be starined and the stock markets of Automobile Companies will be Down . Tata Motors , Ashok lay land and Hero Motor Companies will Gets Great Loss .