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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.
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thehindubusinessline.com
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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…
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CAFE-2 penalties: Bailing out carmakers is against national interest, say industry veterans
Industry veterans criticize CAFE-2 penalties waiver, fearing it undermines green investments and encourages gas-guzzling vehicle imports in India.