BSVI ARE WE COMPLYING?

By the time you read this, India will have moved to BsVi emission standards. we aim to answer how seamless this transition has been

It’s finally happening. After months of speculation on how buyers will react to this shift, and of manufacturers rushing to comply, the BSVI norms will have come into effect by the time you read this. There is some debate on how much these new pollution standards will quell our country’s growing pollution crisis, but the overall effect can’t be anything but positive.

What hasn’t been entirely positive is the transition. Everyone from the carmakers, dealers and buyers were hoping for a firesale of sorts for BSIV cars, a result of a combination of big discounts and buyers looking for a deal. The February sales numbers show that hasn’t exactly happened. Data from SIAM shows that automotive sales have dipped by 18.13 per cent in February 2020, in comparison to the same month last year. While car sales were down 7.61 per cent, two-wheeler sales were lower by an alarming 19.82 per cent, when compared to February 2019. These numbers show that market sentiments haven’t changed all too much. Buyers just don’t seem to be in the mood for new vehicles, the current economic slowdown and the crisis in the NBFC sector means buyers are continuing to put off purchases.