BS-IV discounts are at the end of the road: Irrespective of the models and brand, the automobile companies were offering huge discounts owing to the deadline of BS-VI to abide by is around the corner. Out of the blue, the companies have announced discounts of up to Rs 1 lakh based on the model chosen. However, the inventory levels have reached the manageable levels, and the companies are stepping down slowly from the discount zone.
Also, it is said that the production of BS-IV is not completely stopped. It is due to the uncertainty of BS-VI fuel availability pan India by then, i.e., April 2020. BS-IV petrol could be used in BS-VI vehicles, but diesel vehicles can not go by that option.
Quite a few months, the automotive industry was in a declining phase, and auto companies for the past three months, including the festive season, have given some discounts to boost the sentiments as the industry was starving much. Also, in order to facilitate a smooth transition from BS-IV to BS-VI, the discounts and offers were being given. For Maruti, the country's largest carmaker, it worked out well, and the sales of BS-IV vehicles have picked up, which helped in clearing the inventories.