India, May 21 -- Maruti Suzuki Alto
Maruti Suzuki was the first manufacturer to start the transition from BS4 to BS6 norms ahead of the 1 April, 2020 deadline. The company had revealed that it had no unsold stock of BS4 vehicles by the end of the financial year 2020. However, media reports reveal that the company has absorbed a hit of Rs 125 crore over obsolete parts of BS4 vehicles lying with itself and the vendors.
The media report reveals that several other car manufacturers will also disclose their write-offs in the coming days. However, unlike Maruti Suzuki, losses for other manufacturers will also include fully built BS4 vehicles. Interestingly, Maruti Suzuki has already sold 8,00,000 units of the BS6 vehicles since the sale of the f...