ELV fuel ban puts car resale market in a quandary: Dealers

A diesel-powered luxury sedan, originally worth ₹1.3 crore, is now struggling to find a buyer even at ₹26 lakh at a secondhand car showroom at west Delhi's Karol Bagh.

- Sanjeev K Jha

The dealer selling the car said buyers are wary now of end-of-life vehicles and are apprehensive about buying vehicles in Delhi.

However, this is not an isolated case in the city after the Delhi government implemented a “no fuel” policy to end-of-life vehicles (ELVs) as part of a pollution control measure on July 1. Despite the administration halting its crackdown on old vehicles on Thursday — 48 hours after implementing it— citing technical glitches and logistical challenges, the policy is reshaping the market of used vehicles in the Capital, with a major impact on resale of premium vehicles.

ELVs are petrol vehicles older than 15 years and diesel vehicles older than 10 years.