New Delhi: The government's new Corporate Average Fuel Economy (CAFE-III) norms give the automobile industry a clear plan for future technology investments. Industry representatives said the norms aim to balance environmental goals with flexibility for companies. The new framework is also expected to encourage the use of flex-fuel vehicles and biofuels.
Welcoming the notification, Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework provides predictability for automakers to plan investments and accelerate innovation.
