TRUCKMAKERS PILED UP * India - Big inventories of vehicles
* Tamil Nadu - Daimler India calls the bluff on other truck companies
--- In a rare show of aggression, Daimler India Commercial Vehicles (DICV's) CEO tore into a section of truck makers who sought to negate the pollution control measures by trying to interpret laws in their favour. A large section of truck makers sought legal clarifications on the grounds that April 1, 2017 was the cutoff date for manufacture of BS-IV vehicles and not sale date. BS-IV norms spew less pollution from the tail pipes of trucks compared to BS-III. In the run up to the legal verdict, manufacturers piled up inventory of trucks. Supreme Court ordered that from April 1, 2017 no sale of BS-III vehicles would be permitted, thereby forcing manufacturers to dump huge discounts in the market to offload their inventories before the cut-off date...
(Photo: COIMBATORE: The ban on BS III vehicles would cost truck makers Rs 2,500 crore) -- Coimbatore, Tamil Nadu, India - Times of India - 8 April 2017
Labels: truckmakers news India