BSIV vehicles bought before Mar 31 to remain operational for their full period of registration: Finance Minister

"BSIV vehicles bought before 31st March 2020 to remain operational for their full period of registration," she said while addressing a press conference.

"Revision of one time registration fee deferred till June 2020," she said.

"Additional 15% depreciation on all vehicles acquired from now till 31st March 2020," she said.

Interestingly,  Society of Indian Automobile Manufacturers (SIAM) recently said sale of Passenger Vehicles declined by (-) 21.56 percent in April-July 2019 over the same period last year.

Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 26.45 percent, (-) 7.22 percent and (-) 30.97 percent respectively in April-July 2019 over the same period last year, said SIAM.

The overall Commercial Vehicles segment registered a decline of (-) 13.57 percent in April-July 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 21.63 percent and Light Commercial Vehicles declined by (-) 8.56 percent in April-July 2019 over the same period last year.

Three Wheelers sales declined by (-) 7.43 percent in April-July 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.02 percent and Goods Carrier declined by (-) 4.82 percent in April-July 2019 over April-July 2018.

Two Wheelers sales registered a de-growth of (-) 12.93 percent in April-July 2019 over April-July 2018. Within the Two Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 15.58 percent, (-) 11.18 percent and (-) 20.17 percent respectively in April-July 2019 over April-July 2018.