NGT Diesel Vehicle Ban To Cause Sales Dip With Losses Up To Rs. 500 Crores

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The stoppage of diesel car registrations in the NCR is expect to see 10,000-12,000 vehicles not being sold, causing a reduction of revenues of around Rs. 500 crores. The auto industry’s petrol:diesel ratio stands at 52:48 percent. The paradigm shift in petrol and diesel prices saw the auto industry invest heavily in the latter making it more fuel efficient and cleaner for the future. However, stopping of diesel vehicle registrations by the NGT in Delhi has put all the automakers in a fix. The interim measure...