businessinsider/Delhi NCR’s diesel ban cost auto industry Rs 4,000 crore in eight months

Delhi NCR's diesel ban cost auto industry Rs 4,000 crore in eight months

Supreme Court's ban on the sale of diesel cars in in engine capacity of 2,000cc or more in Delhi NCR cost the auto industry Rs 4,000 crore in eight months, as per SIAM President Vinod Dasari.The ban, however, has been lifted now, with the SC directing the registration of such diesel vehicles with 1% environment cess.Desari was addressing people at the 58th Annual Session of the Automotive Component Manufacturers Association (ACMA), where he said that the SC was fed "improper information," which led to the ban."Led by media hype, provided with improper information, the courts decided to ban those vehicles which actually methe standards set by the government.It is for the first time that when you meet the law you actually get penalised.

Diesel ban cost auto industry Rs4,000 crore in 8 months

The Supreme Court on 13 August lifted an eight-month-old ban on the registration of large vehicles fuelled by diesel in NCR centred on Delhi, making it conditional on manufacturers paying a levy for polluting the city's air.Photo: Pradeep Gaur/MintNew Delhi: India's auto industry suffered a revenue loss of Rs.4,000 crore between December and August due to a ban on sale of diesel passenger vehicles with engine capacity of 2000cc or above."We contribute so much to the economy but it is unfortunate that everyone wants to regulate the auto industry.

Diesel ban in Delhi-NCR cost auto industry Rs 4,000 crore between December and August

The automobile industry in India incurred a Rs 4,000-crore loss between December and after the sale of diesel vehicles with a capacity of 2,000 cc and above in the Delhi-National Capital Region.This territory accounts for 10% of India's passenger vehicle sales and an even higher chunk of luxury vehicle purchases, according to Mint.The president of the Society of Indian Automobile Manufacturers and managing director of Ashok Leyland, Vinod K Dasari, said, "We contribute so much to the economy, but it is unfortunate that everyone wants to regulate the auto industry...Courts ask to ban the vehicles that actually meet the Indian laws."