Policy● Neutral for Indian equities
How light, heavy carmakers' fuel-efficiency dispute came to an amicable end
The brief
- Final CAFE-3 rules remove the special 909-kg concession
- The revised formula softens targets for lighter cars and tightens norms for heavier vehicles
- Automakers face revised fuel-efficiency requirements that may affect compliance costs
- In CAFE 3, auto companies have wider choices and a better view of the road
- CAFE 3 explained: What India's new fuel-efficiency rules mean for carmakers and buyers
- Automakers welcome CAFE-III rules; Citi favours Maruti, M&M and Hyundai
- 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