Two-wheeler industry lost â¹600 crore over BS-III vehicle ban
The two-wheeler industry is estimated to have incurred a loss of â¹600 crore due to the three-day discount offered before SC's BS-III vehicles ban came into effect on April 1, an ICRA report said. As many as 6.71 lakh two-wheelers were impacted by the ban. The dealers tried to clear the BS-III vehicles inventory by offering massive discounts.