OEMs gearing up to clear BS-IV stock
Published On Dec 07, 2019
As the deadline for transition to BS-IV approaching fast, vehicle manufacturers are judiciously working towards rationalizing inventory, align production, and stay clear of BS-IV vehicle before March 31, 2020.
The massive regulatory change taking place in the Indian automotive market is the upcoming implementation of BS-VI emission norms from April 1, 2020. The transition is a significant task for vehicle manufacturers to get ready to produce the stringent emission vehicles and manage the inventory of BS-IV vehicles well ahead of the deadline.
Vehicle manufacturers are trying to avoid a higher inventory of BS-VI vehicles. To prevent the stock-pile at the dealerships, companies are looking to clear the sell ahead of the deadline, but the current slowdown in the industry across the vehicle segment making it challenging. This has led to a build-up of stocks for all key players at their dealer yards, and many companies have had to adjust their production schedules to manage the situations.
The focus of OEMs is to align the countrywide inventory list of BS-IV vehicle thin down to zero so that no old vehicle remains unsold on April 1, 2020. This is where the recently declared Mahindra’s 60 days of discount is a direction that other vehicle makers would likely to follow to trim down BS-IV stocks.
Mahindra and Mahindra have announced an attractive discount offer event by the name ‘Bachat ke Antim 60 Din’. Through this, Mahindra is providing great discount offers in the range of Rs 20,000 to Rs 80,000 for its range of BSIV small commercial vehicles and its Pick-Up. This offer will be valid till December 31, 2019, and targeted at customers who are waiting to make a purchasing decision due to uncertainty in the market. Also, due to the slowdown, there is a shift towards smaller commercial vehicles as demand for last-mile delivery and rural remains intact.
Interestingly, the offer is also valid for those who would like to exchange their older BS-II or BS-III vehicles as well. Mahindra has among the most versatile portfolios of small commercial vehicles in the industry. The Bolero Pick Ups remains the market leader, far ahead of the competition. The SCV models that come under this ‘Bachat ke Antim 60 Din’ offer by Mahindra are likes of - Mahindra Bolero Pik-up, Mahindra Bolero Maxi truck Plus, Mahindra Bolero Camper, Mahindra Jeeto Load, Mahindra Alfa.
As for the M&HCV market, Mahindra will be bringing its range of BS-VI products into the market in February. Only recently the company has announced that it will start dispatching the new BS-VI models to its dealers from February onwards.
For more information on the Mahindra portfolio, you can visit the link - https://trucks.cardekho.com/en/brands/mahindra.html