Two wheeler companies losses 3000cr

Vastvam Web: Market research company  crisil  (Credit Rating Information Service of India Limited) estimates around Rs. 3000 cr.burden on two wheeler companies. Two wheeler manufacturing companies may face losses between 460 to 480 crores. To fulfil the losses the companies offer steep discounts on the vehicles which were made on BS3 standards, as per the verdict of Supreme court sales and registration of BS3 vehicles would be closed from April 1st. It is estimated the total value of the offers by the companies would be 1,200 crores by 31st March. Dealers sold out all the stock as the company offered 10% to 30% discounts.