The two-wheeler industry would have lost Rs 600 crore due to the discount sales and incentives offered to meet the apex court ban on selling BS-III models from the new financial year, says a report.

The impact is comparatively low as many of the companies like Bajaj Auto, Yamaha and Eicher had already upgraded to BS-IV from January 2017, while market leader Hero MotoCorp, and the No 2 Honda and also TVS Motors have upgraded most of their model before the ban set in, says a Crisil report on the impact on the Supreme Court ban.