The Indian Wire » Automobiles » Maruti Suzuki denounce Rs 125 crore on obsolete BS-IV cars
Automobiles

Maruti Suzuki denounce Rs 125 crore on obsolete BS-IV cars

Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki, said back in September 2019, that Maruti Suzuki is open for launching BS-VI compliant large diesel cars in India after launching 7 petrol vehicles complying to new emission norms. He also said that the bank’s announcement on repo rates would have a positive effect on revival.

From April 1, 2020, the sale of new BS4 cars in India was discontinued. All new cars were supposed to have met the stricter and cleaner BS6 emission norms. BS4 cars were being offered by the following carmakers: Mahindra, Land Rover, Ford, Maruti Suzuki, Hyundai, Nissan and few more. BS4 cars which were still on sale included petrol versions of Ford Mustang, Nissan GT-R, DC Avanti and Lamborghini Aventador while diesel models comprised Land Rover Range Rover, Mahindra XUV300, Skoda Rapid and Honda Jazz among others. The cheapest BS4 car in India was 2.48 Lakh while the price of the most expensive BS4 cars are 7.64 Cr.

It is also claimed by Maruti Suzuki that they shall offer benefits of up to Rs.86,200 on Bs4 Cars.

After Supreme Court did allow the sale of 10 percent of the BS-IV inventory after April 1, 2020 following a joint petition from the manufacturers and dealers. This was to be done after lifting of the lockdown. But, the frequent extension of the lockdown period impacted the liquidation process.

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