Imported vehicles from Japan face loan restrictions due to 14-day regulation norm in Delhi: ITTA

Bobby KS Sawhney, Hon. Secretary, ITTA, explained the challenges faced by the company in importing high-end vehicles, stating, “All vehicles imported primarily from Japan lack financial institution support for loans. They insist that the vehicle must be purchased by us, brought into India, and registered in Delhi within 14 days for them to provide a loan. Specifically, they require registration within 14 days of landing in Delhi, which necessitates having speed governors installed. However, speed governors are currently unavailable.”