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.
