SC ban on BS-III vehicles: Hero, HMSI offer discounts on banned models to clear stocks

NEW DELHI: The Supreme Court banned the sale and registration of BS-III vehicles from April 1,2017, two-wheeler Hero MotoCorp and Honda Motorcycle and Scooter India have offered discounts of up to Rs 12,500 on such models in order to terminate their stocks. The SC ban has affected 6.71 lakh two-wheelers out of the total of over 8 lakh BS-III vehicles. According to dealers, their immediate target is to sell out as many units as possible before the scheduled duration by offering . Market leader Hero MotoCorp is offering discounts of up to Rs 12,500 on its BS-III two-wheelers. According to dealers, the company is offering rebate of Rs 12,500 on its scooters, Rs 7,500 on premium bikes and Rs 5,000 on entry level mass market motorcycles. On the other hand, the Honda Motorcycle and Scooter India (HMSI) are offering a discount of Rs 10,000 on its BS-III scooters and motorcycles. Both the companies said the offer will be valid till stocks last or up to March 31.