MEDIA REPORTS INDICATION EXTENSION TO MANDATORY TESTING TIMELINE
News:
As per media sources, government is thinking over extending the mandatory fitness testing timeline for M&HCV space (beyond 1st April 2023) amidst shortage of automated testing centres domestically.
View:
If extended this will be marginally negative for the domestic commercial vehicle (CV) industry which was expected to benefit from mandatory automated testing as it would have promoted scrappage of old and polluting vehicle. This was expected to generate healthy replacement demand for the CV space as part of voluntary scrappage policy. We await further developments on this front.
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