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Here’s the most you should be spending on your car payment, whether you make $60,000 or over $150,000
The brief
- Car buyers may reduce borrowing and loan duration by saving for a larger down payment
- 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
- India’s CAFE-III fuel-efficiency rules take effect April 1, 2027
- CAFE III norms start in April 2027; battery EVs receive three times the credit
- CAFE 3 fuel efficiency norms notified without carve-out for small cars