SIAM FILES REVIEW PETITION WITH SC ON BS-III SALES BAN

The Society of Indian Automobile Manufacturers (Siam) on Thursday filed a petition in the Supreme Court, pleading for a review of the judgement in March that banned BS-III vehicles.

Siam says certain facts were not covered in the judgement that went to the root of the matter. The order had stopped original equipment manufacturers to sell any BS-III vehicles after March 31.

OEMs had a reasonable and legitimate expectation that unsold inventories of BS-III stocks could be sold even after April 1, and until such stocks were exhausted, pleads Siam.