Mega reprieve for auto sector as Centre waives ₹2,700 crore CAFE-2 penalties

In a major development, the Centre has completely bailed out all major vehicle manufacturers, including Hyundai Motor India (HMIL), Kia India and Mahindra & Mahindra (M&M), from paying heavy penalties collectively amounting to ₹2,700 crore for violating Corporate Average Fuel Efficiency (CAFE-2) norms.

Raccontata dathehindubusinessline.com