Economic TimesLean R·
Nomura examines CAFE III impact on EV biz
New Delhi: The government's latest draft notification on Corporate Average Fuel Efficiency III (CAFE III) 2027 strikes a balance between the interests of automakers while signalling a clear policy shift towards faster electrification of the passenger vehicle market, according to a report by Nomura.The report said the revised CAFE III framework provides greater flexibility to original equipment manufacturers (OEMs) by assessing compliance over three-year blocks instead of every year.It stated, "…
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