• Shriram Automall inaugurated its 71st Automall in Bikaner on 24th November’2017.!! • 72nd Automall Facility inaugurated by Shriram Automall in Guna on 28th November’2017.!! •Shriram Automall wins Limca Book of Records for being The Largest Platform for Acquisition and Disposal of Pre-owned Vehicles and Equipment FY2015-16 and for Conducting Highest Number of Physical Bidding Events in a Single Day.!! •Shriram Automall MOBILE APP LAUNCHED...!!Download the app now!! • Sameer Malhotra – CEO, Shriram Automall India Ltd. as Esteemed Jury at Equipment India Awards 2017.!! •Shriram Automall India Limited(SAMIL) Won Best Service Provider Of The Year Award CIA World Builders and Infra Award 2017 •Shriram Automall was recognized as “Fastest Growing Brand for Pre-Owned Vehicles of the Year” in 2017 Leaders Awards...!!

Tuesday, 22 December 2015

Ban on 10 Year Old Commercial Vehicles

Heavily increasing smog (smoke + fog) this winter & pollution in the capital of India, New Delhi and National Capital Region (NCR) has contrived judicial bodies & the government to take some strong steps. Recently the AAP led state government passed odd-even rule under which the cars will run on alternate days depending on the last digit of the registration no. Currently, the latest news that has hit Delhi & NCR is that the commercial vehicles which were bought 10 years back i.e. before 2005 are going to be banned as well. The Apex court of India has given this verdict to control the dangerously increasing level of pollution.

(Image Source: huffpost.com)

The necessity to frame such a policy was felt because of rising pollution in the country due to presence of old vehicles which are based on aged technology. The ban, however, could be beneficial for commercial vehicle manufacturers as there are approximately 40,000 - 50,000 vehicles running in NCR region registered in or before 2005. To support this initiative, Government will provide tax exemption of Rs 50,000 to Rs 60,000. Also, Manufacturers will offer discount up to Rs 50,000 to Rs 1,00,000 to holder of old vehicle on purchase of new vehicle, so that overall benefit will be up to Rs 2.5 lakh. It has also been urged that manufactures to build Euro V and Euro VI compliant vehicles as it has been noticed that pollution is a big concern for India. It has also been stressed upon the requirement to build bio-fuel based buses at reasonable prices in addition to promoting ethanol & bio-diesel.

With this ban coming into play, truck makers and industry is very hopeful of getting the sales revived for the recovering market in India and some experts also believe that LCV segment would also get a chance of revival. Survey has also showed that NCR region is accountable for 5% of total national sales when it comes down to MCV’s & HCV’ and with so many trucks going to be declared not suitable for Delhi roads, the industry is definitely enthusiastic about the sales numbers.

So if you are looking to dispose of your old used commercial vehicles, you can simply visit your nearest Shriram Automall or you can submit your requirement to get a call back. Shriram Automall is the leader of the used vehicle industry, who has presented the industry with unique platforms to make acquisition and disposal of used commercial vehicles and equipment easy. Moreover, you can also acquire used commercial vehicles from Shriram Automall which are not older than 10 years and can be used.

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