Business Standard
Senior government officials and representatives from the auto industry held a meeting to reach a consensus on the Corporate Average Fuel Efficiency (CAFE-III) norms, with sector stakeholders indicating their acceptance of the latest draft proposals, according to sources. The meeting was called by the Bureau of Energy Efficiency under the Ministry of Power, and attended by secretaries from the Ministry of Road Transport & Highways(MoRTH), Ministry of Power (MoP) and Ministry of Heavy Industries (MHI), and auto industry stakeholders, including original equipment manufacturers (OEMs). The meeting was held to gauge the views of stakeholders, especially automakers, over the draft rules before a final shape is given to them. Differences had emerged among auto manufacturers over the draft rules, with small car makers arguing that leniency should be granted to them under the CAFE-III norms on the basis of weight and affordability, even as large OEMs were opposed to differential treatment,
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