Pace Research Closing Bell : SC bans sale and registration of BS-III vehicles

Shares of major automobile majors took a hit as investors turned cautious of the Supreme Court’s verdict on BS-III vehicles.

The Supreme Court on Wednesday banned the sale of BS-III vehicles from April 1, 2017 on wards. The decision is significant as the industry is said to have an inventory of 8.2 lakh such vehicles, data available from SIAM has indicated. 
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