New India Has Banned The Sale Of The More-Polluting Vehicles Starting From April 1St, Two Days Ago.
Sounds good?
The small-scale final result arises though, that inward a province amongst v times the population of the USA, at that spot are v times every bit many automobile sales lots, new/used - whatever.
There are a lot of novel together with never been used gross polluter cars sitting on those sales lots. Now, who has to endure the loss of the inventory costs?
The justice is 0.8 1000000 vehicles, worth 1.9 billion dollars.
Do they receive to sell them to Indonesia? African countries? Where tin they send them off to recoup about of the cost? And doesn't that merely motion the pollution to about other underdeveloped country?
http://thenewswheel.com/india-bans-sales-of-lower-efficiency-vehicles-starting-in-two-days/
http://www.reuters.com/article/us-india-autos-idUSKBN17017N
Now, transcend away on inward mind, they had 2 YEARS of alert that this was coming, together with yet,
India's summit courtroom on Midweek banned the sale of vehicles running on older Euro III fuel technology from Apr 1, a determination that led to a abrupt autumn inward shares of major automakers sitting on unsold inventories. The small-scale final result arises though, that inward a province amongst v times the population of the USA, at that spot are v times every bit many automobile sales lots, new/used - whatever.
There are a lot of novel together with never been used gross polluter cars sitting on those sales lots. Now, who has to endure the loss of the inventory costs?
The justice is 0.8 1000000 vehicles, worth 1.9 billion dollars.
Do they receive to sell them to Indonesia? African countries? Where tin they send them off to recoup about of the cost? And doesn't that merely motion the pollution to about other underdeveloped country?
http://thenewswheel.com/india-bans-sales-of-lower-efficiency-vehicles-starting-in-two-days/
http://www.reuters.com/article/us-india-autos-idUSKBN17017N
Now, transcend away on inward mind, they had 2 YEARS of alert that this was coming, together with yet,
Shares of two-wheeler manufacturer Hero MotoCorp roughshod every bit much every bit 4.4 percent, spell those of truck manufacturer Ashok Leyland were downwards every bit much every bit 6.6 per centum together with carmaker Tata Motors' shares dropped most 2 percent.
The court, inward its judgment, said wellness concerns of citizens took precedence over whatever fiscal losses for companies.
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