[Buyers thronged Panchganga Automobile showroom as soon as the news broke in the morning that the dealer is offering huge discounts on Honda two wheelers. (Photo: Shahid Faizee/ummid.com)]
Malegaon: Automobile dealers in Malegaon are selling the Bharat Stage III two wheelers on Thursday offering a maximum discount of up to 35-40% after the Supreme Court imposed a ban on the sale of such vehicles from April 1, 2017.
Buyers thronged Panchganga Automobile showroom as soon as the news broke today morning that the dealer in order to clear the stock of Bharat Stage III vehicles before the Apex Court deadline is offering huge discounts on Honda two wheelers.
"We are selling vehicles offering heavy discount to clear our stock before the March 31 deadline", Kamlesh, who was at the desk of Panchganga Automobiles, said while talking to ummid.com.
He however refused to divulge more on the matter as "they were all busy dealing with the frenzied rush of customers".
But, talking to some of the customers who bought the vehicles from the showroom, it is learnt that the automobile dealer sold different Honda two wheelers on 35 to 40% less than the original selling price.
"I bought Honda CD 110 DX from Panchganga Automobile at the rate of Rs 41,000", Khaleel Ansari, a teacher, said while talking to ummid.com.
The list price of Honda CD 110 DX according to the rate card is Rs 59,000.
Anwar Plumber who bought two vehicles from the same showroom also said he paid some 35% less than the list price.
Some customers who reached the showroom early in the morning claimed that they were offered a discount of about Rs 25,000/-.
Even though a huge rush of people can still be seen arriving at Panchganga Automobiles all its vehicles are sold out and the staff is now busy in billing.
Another dealer in the city opened the sale today morning offering a flat discount of Rs 5,000/- on Hero two-wheelers. He later increased the discount offer to Rs 10,000/- in order to speed up the sale.
Reports of discounts are also coming from other parts of the country. At many places, according to the media reports, besides four whleers and two wheelers heavy vehicles are also being sold out on discounted rates.
The heavy discount on vehicles is prompted by the Supreme Court order pronounced Wednesday banning sale of Bharat Stage III vehicles from April 1.
The Supreme Court bench headed by Justices Madan B Lokur and Deepak Gupta in its ruling said that from April 1, 2017, only Bharat Stage IV compliant vehicles should be sold by auto companies.
The auto companies were requesting the court to grant them a relief of six to seven months. The court however did not honour their plea.
According to a rough estimate, companies were holding stock of around 8.24 lakh BS III vehicles, including 96,000 commercial vehicles, over 6 lakh two-wheelers and around 40,000 three-wheelers when the Apex Court banned their sale.