TRUCKS' FIRE SALE * India: Stocks of 40,000-45,000 unsold BS-III trucks and buses
* New Delhi - BS 3 fire sale: Tata Motors stuck with half of Rs 5400 cr unsold commercial vehicles
--- Despite offering sky-high discounts during the last three days of March the commercial vehicle industry is saddled with stocks of 40,000-45,000 unsold BS-III trucks and buses... Commercial vehicle companies were not as lucky as two-wheeler manufacturers as at least half of their BS-III stock remains unsold which are collectively worth more than Rs 5,400 crore... Despite offering sky-high discounts during the last two days of March the commercial vehicle industry is saddled with stocks of 40,000-45,000 unsold BS-III trucks and buses... Tata Motors, the country’s largest CV maker, is believed to own at least half of that inventory while the balance is shared between Ashok Leyland, VE Commercial Vehicles and Mahindra & Mahindra... When the Supreme Court asked the Society of Indian Automobile Manufacturers to submit data on unsold BS-III stock it was learnt that there were 97,000 units (equivalent to 1.7 months of sales) valued at Rs 11,600 crore left to be sold...
(Photo: New BSIII trucks waiting purchasers, in India) -- N. Delhi, India - Moneycontrol.com, by Swaraj Baggonkar - Apr 03, 2017
Labels: truckmakers news India