Euro-III vehicles ban: Tata Motors to export some older-technology trucks

Tata Motors is planning to export some of its unsold stock of older-technology trucks, after an unexpected ban on their sale in India, a senior company executive said on Wednesday.

India's top court in March banned the sale of vehicles that run on older Euro III fuel technology from April 1, a decision that led to a sharp fall in shares of major automakers sitting on unsold inventory.

Tata Motors, the country's largest truck and bus maker, has unsold stock of about 15,000 commercial vehicles while its dealers hold around 3,000 units, said Ravindra Pisharody, executive director for commercial vehicles.

"Over half the