The National Green Tribunal strikes again! NGT has banned diesel vehicles which have been registered more than 10 years ago in India’s capital.
The Delhi RTO has been given a directive to cancel registrations of 10+ year old diesel cars.
A few months back, NGT had also banned registrations of new diesel cars above 2,000cc in New Delhi and Kerala, with the high court staying the ban in the latter.
While the latest ban is effective immediately, it remains to be seen how soon these diesel vehicles will be identified and removed off the road.
However, there is clear potential for car makers here. All those having 10-year old diesel cars will be forced to sell their cars (not sure who will buy them because of the ban) and go in for new vehicles.
Car makers will see a surge in their vehicle sales while finance companies will also see a boom in business.