India:
Relief For Auto Industry Due To COVID 19
04 April 2020
Singhania Secretarial Consultancy LLP
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A bench of judges Deepak Gupta and Arun Mishra heard through
video conferencing today a plea filed by the Federation of
Automotive Dealers' Association (FADA) seeking an extension of
30 days to sell and register unsold stocks of BSIV vehicles.
Justice Arun Mishra said the court cannot keep extending the
deadline for sale of BSIV vehicles in the name of coronavirus and
that there is a need to be empathetic towards the environment.
However, the court permitted automakers to sell 10% of unsold BSIV
inventory for 10 days post the lockdown, except in Delhi-NCR. The
vehicles sold will have to be registered within 10 days.
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