Two-wheeler majors Hero MotoCorp and Honda Motorcycle and Scooter India are offering discounts of up to Rs 12,500 on BS-III models to liquidate stocks, a day after the Supreme Court banned sale and registration of such vehicles from April 1.
With 6.71 lakh two-wheelers affected out of the total of over 8 lakh BS-III vehicles impacted by the ban, dealers said the immediate effort is to sell as many units as possible before the deadline by offering "unheard of discounts" in the industry.
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 number two player Honda Motorcycle and Scooter India (HMSI) is offering a straight 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.
We looked at the original prices of some of the best selling bikes of both the companies after referring to ZigWheels.
Here is a table showing the difference after the discount:
(With inputs from PTI)