Siddhartha Rai, Feb. 24 -- A high-level meeting is reportedly scheduled at the Prime Minister's Office on Wednesday, February 25, to finalise the next phase of India's Corporate Average Fuel Efficiency (CAFE) standards that has come to sharply divide the auto industry, sources said.
The deliberations come amid intense lobbying from multiple stakeholders, with sections of the auto industry seeking relaxations and extended timelines, citing cost and technology transition challenges.
On the other hand, energy experts and environmental groups are pushing for tighter norms to align with India's climate commitments and long-term energy security goals. The outcome of the meeting is expected to set the direction for India's vehicle efficiency and...