Volume : VII, Issue : II, February - 2018

BANNING OF HIGH VALUE CURRENCIES, BS–III AND ITS IMPACT ON INDIAN AUTOMOTIVE INDUSTRY

Suresh. R, Dr. G. Chandrasekaran

Abstract :

 

The study explains the demonetization in India and its impact on Indian Automotive Industry and explains the Bharat Stage –III to Bharat Stage –IV transformation. The Government of India demonetized the high value currency i.e., 500 and 1,000 currency notes. The withdrawal of the 500’s and 1,000’s currency notes got significant impact in general, as well as in automotive industry. During the period, the sales volume got reduced very much. Within three months the Supreme Court of India banned the production and sales of  BS–III Vehicle for the welfare of environment. As per the automotive manufacturers point of view, it was the  next attack on automotive industry. The initial step was taken by the Ministry of Environment and Forest. The Supreme Court of India strictly banned the BS–III automobile production and sales after 1st April 2017.

Keywords :

Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Suresh.R, Dr.G.Chandrasekaran, BANNING OF HIGH VALUE CURRENCIES, BS-III AND ITS IMPACT ON INDIAN AUTOMOTIVE INDUSTRY, INTERNATIONAL JOURNAL OF SCIENTIFIC RESEARCH : Volume-7 | Issue-2 | February-2018


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