Update
Tata Xenon is being offered at a discount of close to Rs 1.5 lakh for the single cab model and around Rs 2.5 lakh for the double cab.
Apart from monetary incentives some Honda dealers are reportedly offering a Navi free with the purchase of a CBR 150 or CBR 250.
TVS is offering a blanket rate of up to Rs 20,150 off across its range of motorcycles and scooters.
With the Supreme Court upholding the April 1, 2017, deadline on non-BSIV vehicles ban, manufacturers and dealers are showering massive discounts to clear stocks of BS-III vehicles.
The ruling states that no vehicle (non-BSIV) may be sold post-March 31. However, such vehicles can be registered later provided there is proof that the vehicles were purchased on or before March 31.
Two-wheeler manufacturers are the most hit, with over 6.7 lakh vehicles in stock out of the 8.24 lakh non-BSIV vehicles. Honda is said to be offering discounts on scooters to the tune of Rs 13,500; on the Navi and other motorcycles to the tune of Rs 18,500; and on the CBR150 and 250, Rs 22,000.
Hero MotoCorp is offering Rs 12,500 discount and free insurance on scooters, a Rs 5,000 discount and free insurance on the HF and Splendor, and Rs 7,500 plus free insurance on all other bikes.
Most four-wheeler brands, when contacted, claimed to have sold their stocks already.
Manufacturers find selling the vehicles at a massive discount as an easier solution over others as scrapping the vehicles or upgrading them to BS-IV compliance is a technically demanding and financially unviable task. Another option, of course, is to possibly export to markets where BS-III emissions are still allowed.