Terming the transition to Bharat Stage VI (BS-VI) emission norms from April next year as “joker in the pack”, Bajaj Auto Ltd has cautioned that there could be dumping of old BS-IV stock in the domestic market, triggering an “unwarranted price war” in the second half of the ongoing fiscal.
In its Annual Report for 2018-19, the Pune-based firm said while its motorcycles, three-wheelers and quadricycles will be “fully BS-VI compliant not just on April 1, 2020 but some months earlier, it is difficult to anticipate the state of BS VI readiness of our competitors”.
“For the industry as a whole, we believe that the joker in the pack will be the tough Bharat Stage VI, or BS VI, emission norms that will come into play from 1 April 2020,” the company wrote to its shareholders.
