#bsiii

[skandyx]

Hero MotoCorp Q4 net falls 14% at Rs 718 cr over BS-III discounts

Hero MotoCorp Q4 net falls 14% at Rs 718 cr over BS-III discounts

[ad_1] Impacted by lower volumes and liquidation of BS-III stocks, Hero MotoCorp, the country’s biggest two wheeler maker, reported a 14% decline in profit for the fourth quarter ended March 31, 2017. The quarterly profit stood at Rs 717.75 crore against Rs 833.29 crore in fourth quarter of FY16.  Revenue from sales declined almost 8% to Rs 7,488 crore. Volumes sold declined almost 6% to 1.72…

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[skandyx]

BS-III ban: Two-wheeler industry incurs Rs 600 crore loss The two-wheeler industry is estimated to have incurred a loss of Rs 600 crore due to the three-day discount offered to customers after the…

[skandyx]

BS-III ban hit 10,000 units, will upgrade affected engines: Ashok Leyland Ashok Leyland on Friday said 10,664 units of its commercial vehicles were impacted by the Supreme…

[motownindia]

The Indian commercial vehicle manufacturers are sitting on a sizeable stock of unsold inventory worth approximately Rs 4600 crore to Rs 5800 crore as a fallout of the Supreme Court ban on selling commercial vehicles post April 1, 2017.  This was revealed by ICRA Research Services in a brief note.

[motownindia]

Ashok Leyland sold 18,682 units in March 2017 as against 16,702 units during March 2016. The total sales in FY 2017 was at 145,066 units, as against 140,457 units for the FY 2016.

[skandyx]

BS-III ban cost truck makers Rs 2,500 crore

BS-III ban cost truck makers Rs 2,500 crore

[ad_1] Unsold inventory and discounts due to ban to cost two-wheeler makers Rs 600 crore T E Narasimhan  |  Chennai  April 4, 2017 Last Updated at 00:17 IST Commercial vehicle makers may spend Rs 2,500…

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[skandyx]

Only 50% of BS-III inventory of commercial vehicles sold, say dealers While two-wheeler inventory sold out almost completely before the end of Supreme Court…

[skandyx]

After SC ban, massive rush for BS-III vehicle models being sold on discount

After SC ban, massive rush for BS-III vehicle models being sold on discount

[ad_1] There has been a sudden rise in buyers at automobile showrooms after the Supreme Court banned the sale of BS-III vehicles from April 1 in an attempt to reduce vehicular emissions. While the automobile industry cried foul on the sudden ban, dealerships have tried to push out the inventory at heavy discounts. Almost all the top OEMs showrooms claimed that most of the stocks have been sold…

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