· Electronics & Manufacturing · Source: thehindubusinessline.com

Mega reprieve for auto sector as Centre waives ₹2,700 crore CAFE-2 penalties

The Centre has waived nearly ₹2,700 crore in CAFE-2 penalties for major automakers, including Hyundai Motor India, Kia India, and Mahindra & Mahindra. The decision follows intervention by the Prime Minister’s Office to resolve pending compliance issues before introducing CAFE-3 norms. The move provides significant relief to the automotive industry while paving the way for the next phase of fuel efficiency regulations.

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