Coronavirus: China denies any plans to offer stimulus to boost auto sales

China's capital Beijing said plans to offer new licenses to new energy vehicles and other policies to boost auto sales hit by the coronavirus epidemic had not been researched by authorities yet, reversing earlier state media reports.

File photo (AFP)
File photo

In mid-March, some officials raised the ideas of some unresearched policies in internal discussions which were then accidentally published online, Beijing Municipal Commerce Bureau said in a post on Weibo.

Earlier on Tuesday, state-backed media reported Beijing city was considering plans to stimulate demand for automobiles after the coronavirus epidemic hit sales badly.

The reports said possible measures being considered by Beijing include introducing incentives to trade in old cars for new, approving no fewer than 100,000 licenses to new energy vehicle buyers in the first half of 2020 and launching special plate licenses for suburban areas, citing a statement from China's commerce ministry.

Also check these Vehicles

Find more Cars
Ather Energy 450x (HT Auto photo)
₹ 1.38 - 1.45 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Ather Energy 450s (HT Auto photo)
₹ 1.30 Lakhs* *Ex-showroom price
Add to compare
Simple Energy One (HT Auto photo)
₹ 1.45 - 1.50 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Ather Energy Ather 450x (HT Auto photo)
₹ 1.13 - 1.32 Lakhs* *Ex-showroom price
Add to compare
Check latest offers
Ujaas Energy Ujaas Ezy (HT Auto photo)
₹31,880**Ex-showroom price
Add to compare
Essel Energy Get 7 (HT Auto photo)
₹ 42,500 - 46,500**Ex-showroom price
Add to compare
Check latest offers

The statement, according to state media reports, was published on the commerce ministry's website by the ministry's Special Commissioner's Office in Tianjin. It was not available later on the website.

Beijing's commerce bureau said the reported policies aimed at boosting the city's auto sector had not yet been researched and it did not elaborate if it would research the policies.

First Published Date: 25 Mar 2020, 09:17 AM IST
Shopping Bag Shop Now
73% OFF
IDELLA Car Duster, Extendable Long Handle Microfiber Car Duster Exterior Scratch Free Car Cleaning Tool, Car Dust Brush for Truck, Pickup, SUV, RV, Motorcycle, Vehicles Cleaning,(Multicolor)
Rs. 239 Rs. 899
49% OFF
Antson Portable High Power 2 in 1 Car Vacuum Cleaner | USB Rechargeable Wireless Handheld Car Vacuum Cleaner Traveling, Camping Reusable and Sustainable, Portable,Rechargeable Vacuum (2 in 1)
Rs. 994 Rs. 1,939
74% OFF
Microfiber Car Cleaning Soft Brush Ideal as Mop Duster, Washing Brush with Long Handle, Dust Cleaner Car Wash Brush with Handle, Soft Brush Scratch Free, Cleaning Dashboard Curved Design - Grey
Rs. 389 Rs. 1,499
1% OFF
GOODAIR Clear Car Windshield Enhancer | Classic |12 Tablets
Rs. 295 Rs. 299

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
Powered by: Acko Logo
Please be noted that any information provided herein above will be received by Acko General Insurance Limited (“Acko”). By mentioning the above information, you agree to provide these details and information to Acko.
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.