CHENNAI: With the Supreme Court banning sale and registration of BS-III vehicles from April 1, auto dealers and manufacturers are offering bumper discounts on soon-to-be obsolete models.
Highest discounts are on two-wheelers, with Hero MotoCorp, Honda Motorcycles and Scooters India and TVS Motor Company leading the line with discounts ranging between Rs 3,000 and Rs 22,000.
As of March 20, auto-makers had an inventory of 8,24,275 BS-III units, including 6,71,308 two-wheelers. Now, they just have one day to sell as many as possible.
Hero MotoCorp, with the largest BS-III inventory (2,97,577 units) was giving a rebate of Rs 12,500 on scooters, Rs 7,500 on premium motorcycles and Rs 5,000 on other models on Thursday. Honda Motorcycles, with the second largest inventory (2,25,599 units) is giving a flat cash-back offer of Rs 22,000 on its BS-III scooters and motorcycles.
TVS is offering discounts across its entire range up to Rs 20,150. Suzuki is offering discounts and offers up to Rs 5,000 while Bajaj is offering discounts ranging from Rs 3,000 to Rs 12,000, both on select models.
These discounts, however, are only available till March 31, according to dealers. Analysts say these discounts will not help exhaust the obsolete stock.
“They can help close customers who walk in. But they cannot attract enough of them inside showrooms,” said John K Paul, president, Federation of Automobile Dealers’ Associations, adding that the discounts might not apply in the case of commercial vehicles.