In a first in UP, 25 automobile dealers lose trade licenses for a month
Uttar Pradesh Transport Department
has suspended the trade licenses of 25
automobile dealers
across the state for a month, citing continued failure to comply with vehicle registration procedures.
A senior transport department official on Friday confirmed that this is the first time such disciplinary action has been taken against dealers for violating registration norms.
The suspended dealers, spread across districts including Lucknow, Barabanki, Sitapur, Kushinagar, Moradabad, and Prayagraj, have been barred from selling vehicles or uploading registration requests on the
VAHAN portal
during the suspension period that began on June 3.
After being repeatedly warned, the dealers were served show-cause notices on April 21 and May 15 this year after a detailed analysis of pending registrations from January to May 2025.
Despite being given adequate time, they failed to improve their performance or respond satisfactorily, the Office of the Transport Commissioner said in a statement.
The department asserted that these actions are part of an ongoing effort to ensure transparent and citizen-focused service delivery in vehicle registration.
"Persistent non-compliance with Rule 39 of the Central Motor Vehicles Rules (CMVR) and relevant provisions of the Uttar Pradesh Motor Vehicles Rules has led to this action, which is aimed at reinforcing accountability and discipline in the vehicle registration process," the statement read.
Among those penalised is a prominent dealership in Lucknow, Aarna Megacorp Pvt. Ltd., "highlighting the department's intent to enforce rules uniformly, irrespective of a dealer's location or scale."
In Barabanki, the affected dealers are Barabanki Auto Sales & Service, Bright 2 Wheel Sales, and Kalyan Motors.
Sitapur-based dealers Narendra Automobiles, Agarwal Auto Sales, and M/s Budhram Auto have also been suspended.
From Kushinagar, similar action has been taken against Gupta Automobiles and Gupta Auto Sales.
In Sambhal, Badar Motors faced suspension, while in Pratapgarh, M/s Janta Trading Company was penalised.
Dealers from Maharajganj include Shubham Automobiles and Chandra Sales, while Shakti Autos from Raebareli and M/s Auto Wheels from Jaunpur were also among the defaulters.
In Sant Kabir Nagar, Bharat Auto Sales faced suspension, along with Shyam Motors in Fatehpur and Shiva Auto Sales in Ghazipur.
RN Motors in Rampur and Shyam Motors in Auraiya were also on the list.
Further, Jai Auto Mobiles in Ambedkar Nagar, Cross Wheel Auto Pvt. Ltd. in Moradabad, and Uplife Solutions Pvt. Ltd. in Basti were suspended.
Saraswati Motors in Prayagraj and Vishal Motors in Unnao were among the final names on the list.
In a parallel move, the department has also issued show cause notices to 50 other dealers across the state with high registration pendency.
These dealers have been given a 14-day deadline to clear pending files or face similar suspension.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
43 minutes ago
- Mint
China shows signs of tackling price wars taking toll on its EV industry
Beijing, The Chinese government is signalling enough is enough when it comes to the fierce competition in the country's electric car market. China's industrial policy has engineered a remarkable transformation to electric vehicles in what is the world's largest auto market. In so doing, it has spawned far more makers than can possibly survive. Now, long-simmering concerns about oversupply and debilitating price wars are coming to the fore, even as the headline sales numbers soar to new heights. Market-leader BYD announced this week that its sales grew 31 per cent in the first six months of the year to 2.1 million cars. Nearly half of those were pure electric vehicles and the rest were plug-in hybrids, it said in a Hong Kong Stock Exchange filing. The company phased out internal combustion engine cars in 2022. BYD came under thinly veiled criticism in late May when it launched a new round of price cuts, and several competitors followed suit. The chairman of Great Wall Motors warned the industry could come under threat if it continues on the same trajectory. 'When volumes get bigger, it's just much harder to manage and you become the bullseye,' said Lei Xing, an independent analyst who follows the industry. The government is trying to rein in what is called 'involution' — a term initially applied to the rat race for young people in China and now to companies and industries engaged in meaningless competition that leads nowhere. BYD has come under criticism for using its dominant position in ways that some consider unfair, sparking price wars that have caused losses across the industry, said Murthy Grandhi, an India-based financial risk analyst at GlobalData. With the price war in its fourth year, Chinese automakers are looking abroad for profits. BYD's overseas sales more than doubled to 464,000 units in the first half of this year. Worried governments in the US and EU have imposed tariffs on made-in-China electric vehicles, saying that subsidies have given them an unfair advantage. Market leader BYD comes under attack The latest bout of handwringing started when BYD cut the price of more than 20 models on May 23. The same day, the chairman of Great Wall Motors, Wei Jianjun, said he was pessimistic about what he called the "healthy development' of the EV market. He drew a comparison to Evergrande, the Chinese real estate giant whose collapse sent the entire industry into a downturn from which it has yet to recover. "The Evergrande in the automobile industry already exists, but it is just yet to explode,' he said in a video message posted on social media. Two days later, a BYD executive rejected any comparison to Evergrande and posted data-filled charts to buttress his case. 'To be honest, I am confused and angry and it's ridiculous!' Li Yunfei, BYD's general manager of brand and public relations, wrote on social media. 'All these come from the shocking remarks made by Chairman Wei of Great Wall Motors.' Next, the government and an industry association weighed in. The China Association of Automobile Manufacturers called for fair competition and healthy development of the industry, noting that major price cuts by one automaker had triggered a new price war panic. On the same day, the Ministry of Industry and Information Technology vowed to tackle involution-style competition in the auto industry, saying that recent disorderly price wars posed a treat to the healthy and sustainable development of the sector. 'That price cut might have been the final straw that irked both competitors and regulators for the ruthlessness that BYD continues to show,' Lei said. A promise to pay suppliers within 60 days signals possible shift The following month, 17 automakers including BYD made a pledge: They would pay their suppliers within 60 days. One way China's automakers have been surviving the bruising price wars is by delaying the payments for months. The agreement, if adhered to, would reduce financial pressure on suppliers and could rein in some of the fierce competition. 'The introduction of the 60-day payment pledge is the call of the government to oppose involution-style competition," said Cui Dongshu, the secretary-general of the China Passenger Car Association. It also reduces the risk of an Evergrande-like scenario. Many automakers had stretched out payments by paying suppliers with short-term debt — promises to repay them in a certain period of time — instead of cash. Real estate developers used the same system. It worked until it didn't. When Evergrande defaulted on its debts, suppliers were left holding worthless promises to pay. 'This practice is seen as a potential cause of a larger crisis, similar to what happened with Evergrande,' Grandhi said. The vows to speed up payments and the government calls to rein in the price wars, along with a rollback of some financing offers, point to an effort to reverse downward price expectations, said Jing Yang, a director at Fitch Ratings who focuses on the auto industry. 'We may watch how effectively these measures are in reversing the price trend and how would that affect EV demand in the coming quarters,' she said. GRS GRS This article was generated from an automated news agency feed without modifications to text.
Economic Times
an hour ago
- Economic Times
Stocks in news: Vedanta, RBL Bank, Bajaj Finance, RIL, Marico
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Markets traded volatile on the weekly expiry day and ended marginally lower, continuing the ongoing consolidation phase. In today's trade, shares of Vedanta Bajaj Finance , RIL, Marico among others will be in focus due to various news major Vedanta posted strong operational performance in Q1FY26 across its portfolio. The Lanjigarh Refinery reported a record quarterly alumina production of 587 lender Bank of Baroda (BoB) reported an 11% year-on-year growth in its global business to Rs 26.43 lakh crore in the quarter ended June 30, 2025 versus Rs 23.87 lakh crore in the year ago Investments IV (Bain Capital) is likely to sell 2.4% equity in Emcure Pharma via block deals. Deal size at Rs 551 crore, according to Bank reported an 11% year-on-year growth in total deposits, which stood at Rs 1.12 lakh crore for the quarter ended June 30, 2025. On a sequential basis, deposits were up 2%.Bandhan Bank posted a healthy 16.1% year-on-year growth in total deposits, which stood at Rs 1.55 lakh crore for the quarter ended June 30, Biorefineries granted patent in Europe for Novel Anticancer Molecule. This patent is now validated in Spain, the UK, and as a Unitary Finance reported a 25% YoY increase in assets under management (AUM) at approximately Rs 4.41 lakh crore as of June Logistics commissioned LPG Cryogenic Terminal at Pipavav with static storage capacity of 48,000 MTInternational Business delivered high-teen constant currency growth. Consolidated revenue growth on a YoY basis stood in the low twenties. Reliance Retail announced strategic minority investment in UK-based FACEGYM, which is a global innovator in facial fitness and skincare.
Time of India
an hour ago
- Time of India
Stocks in news: Vedanta, RBL Bank, Bajaj Finance, RIL, Marico
Markets traded volatile on the weekly expiry day and ended marginally lower, continuing the ongoing consolidation phase. In today's trade, shares of Vedanta , RBL Bank , Bajaj Finance , RIL, Marico among others will be in focus due to various news developments. Vedanta Metal major Vedanta posted strong operational performance in Q1FY26 across its portfolio. The Lanjigarh Refinery reported a record quarterly alumina production of 587 kt. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy the Dip: Top 5 Dividend Stocks with Growth Potential Seeking Alpha Read More Undo Bank of Baroda State lender Bank of Baroda (BoB) reported an 11% year-on-year growth in its global business to Rs 26.43 lakh crore in the quarter ended June 30, 2025 versus Rs 23.87 lakh crore in the year ago period. Emcure Pharma BC Investments IV (Bain Capital) is likely to sell 2.4% equity in Emcure Pharma via block deals. Deal size at Rs 551 crore, according to reports. RBL Bank RBL Bank reported an 11% year-on-year growth in total deposits, which stood at Rs 1.12 lakh crore for the quarter ended June 30, 2025. On a sequential basis, deposits were up 2%. Live Events Bandhan Bank Bandhan Bank posted a healthy 16.1% year-on-year growth in total deposits, which stood at Rs 1.55 lakh crore for the quarter ended June 30, 2025. Godavari Biorefineries Godavari Biorefineries granted patent in Europe for Novel Anticancer Molecule. This patent is now validated in Spain, the UK, and as a Unitary Patent. Bajaj Finance Bajaj Finance reported a 25% YoY increase in assets under management (AUM) at approximately Rs 4.41 lakh crore as of June 30. Aegis Logistics Aegis Logistics commissioned LPG Cryogenic Terminal at Pipavav with static storage capacity of 48,000 MT Marico International Business delivered high-teen constant currency growth. Consolidated revenue growth on a YoY basis stood in the low twenties. RIL Reliance Retail announced strategic minority investment in UK-based FACEGYM, which is a global innovator in facial fitness and skincare.
