From April 1, 2020, BS-IV compliant vehicles would not be allowed to be registered.
He added that the company will provide various offers to customers booking vehicles at the Auto Expo.
SMI Vice President Devashish Handa said BS-VI compliant vehicles are expected to cost 10-13 per cent more, even though the company is yet to decide on the final pricing.
Talking about market trends, Handa said two-wheeler sales in the country had declined by about 15 per cent in FY19-20, compared to the previous fiscal, even though the company has seen growth on the back of a strong product portfolio.
"We had a market share of 3.3 per cent and ranked sixth in 2018-19. In the April-December 2019 period, we were at the fifth spot with 4 per cent share," Handa said.
He suggested that the government strictly enforce the vehicle scrappage policy that it had proposed to bring in.
"This would also give some relief to the pollution situation. Also, GST rates for two-wheelers need a re-look. It should not be treated as a luxury product," he added.
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