Ashish harsharaj kale - Latest News Update, Information, Photos & Videos on Ashish harsharaj kale at Lokmat Times

New Delhi [India], Mar 17 : The Federation of Automobile Dealers Associations (FADA) on Tuesday said that it has approached the Supreme Court seeking an extension for the sale of BS-IV engine vehicles in the country as the March 31 deadline approaches.FADA, in an application, said that there are huge unsold BS-IV vehicle inventory due to the impact on sales amid the ongoing coronavirus pandemic."The Federation of Automobile Dealers Associations (FADA) on behalf of its members has once again approached Hon'ble Supreme Court and has filed an interlocutory application along with an application seeking modification in the order directing the deadline," an official statement said on Tuesday.In the statement, FADA President Ashish Harsharaj Kale said that post the initial application, necessitated due to huge unsold BS-IV inventory and slowing sales, getting rejected by the apex court on February 14, 2020, there has been a drastic change in circumstances in conducting business as usual."Following the coronavirus spread, in the past weeks, there has been a drastic drop in sales and customer walk-ins have reduced to a trickle as caution sets in due to fear of spreading of the Virus. Counter sales have fallen by 60-70 per cent across auto dealerships in these past few days," the statement said.FADA said that the situation has worsened in the past three-four days with partial lockdown situations in many towns and cities and added that few district magistrates have started issuing notices for the closure of shops and establishments including auto dealerships.This comes after as many as 126 confirmed cases of coronavirus have been reported in the country, according to the Ministry of Health and Family Welfare.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ashish Harsharaj KaleFOLLOW

Ashish harsharaj kale, Latest News

Business :Covid halt: FY21 auto retail sales feared to crash by 25 to 45%

New Delhi, June 29 India's auto sector retail off-take might just come to a screeching halt as Covid-induced ... ...

Business :Auto registrations in May down 89 pc due to COVID-19 lockdown

Automobile registrations plummeted by 88.87 per cent in May as the country grappled with coronavirus pandemic and shutdown of most businesses, the Federation of Automobile Dealers Association (FADA) said on Thursday. ...

Business :Auto dealers see massive layoffs amid coronavirus lockdown, call for fiscal concessions

The Federation of Automobile Dealers Associations (FADA) on Monday called for a substantial reduction in Goods and Services Tax (GST) and a series of fiscal concessions to tide over the economic impact of coronavirus epidemic and subsequent lockdown. ...

Business :Double-whammy: Now COVID-19 hurt auto dealers

Already battered automobile dealerships in the country are now facing a double-whammy of low sales but along with Coronavirus COVID-19. ...

Business :BS IV vehicle sales nose dive; FADA approaches SC for relief

Facing difficulty in clearing BS IV vehicle stock as sales has dipped over COVID-19 outbreak, auto dealers have approached the Supreme Court again seeking extension of the deadline to register vehicles running on older emission norms. ...

National :Automobile dealers body approaches SC seeking extension of BS-IV vehicle sale deadline

The Federation of Automobile Dealers Associations (FADA) on Tuesday said that it has approached the Supreme Court seeking an extension for the sale of BS-IV engine vehicles in the country as the March 31 deadline approaches. ...