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Policy● Neutral for Indian equities
Backward looking, huge missed opportunity: Amitabh Kant on new CAFE-3 norms
The brief
- Amitabh Kant called the new CAFE-3 norms a “huge missed opportunity”
- The norms set fuel-efficiency and CO2 requirements and introduce EV super credits for automakers
- CAFE-3 requirements and EV credits affect Indian automakers’ compliance costs and incentives
- CAFE 3 norms notified: Carmakers face 16.7% tighter CO₂ target at 78.9 g/km by FY32; small-car relief scrapped
- Government notifies new CAFE-3 norms for passenger vehicles