Try GOLD - Free

Hyundai and Mahindra brace for tougher fuel efficiency norms

Financial Express Lucknow

|

October 10, 2025

MAHINDRA & MAHINDRA (M&M) and Hyundai Motor India, two of India’s top four automakers, will have to work harder than their peers to comply with the upcoming CAFE 3 regulations — rules that are set to favour smaller cars, hybrids, and flex-fuel vehicles.

- SWARAJ BAGGONKAR

The revised Corporate Average Fuel Economy 3 (CAFE 3) norms, scheduled to take effect from April 1, 2027, will be more stringent than the current standards, introducing tighter carbon dioxide (CO2) emission limits. The new target is 88.4 g/km, compared to the earlier proposal of 91.7 g/km and the existing CAFE 2 benchmark of 113 g/km.

Automakers like Tata Motors, which benefits from a larger share of EVs in its portfolio, and Maruti Suzuki India (MSIL), which has a strong base of small car sales, are relatively well positioned to meet the new standards. In contrast, M&M and Hyundai will face increasing challenges from FY29 onwards.

MORE STORIES FROM Financial Express Lucknow

Financial Express Lucknow

NFRA rolls out audit toolkit to aid small, medium practitioners

THE NATIONAL FINANCIAL Reporting Authority (NFRA) on Monday rolled out audit practice toolkits to support small and medium practitioners and strengthen audit quality across the country.

time to read

1 min

November 04, 2025

Financial Express Lucknow

The Rohtak chhori who dared to dream big and make a comeback

“CHHORI NE DIKHA diya ki Shafali comeback karna jaanti hai!” The father of Shafali Verma, the player of the Women's World Cup final, sums up her unforgettable night in an earthytone.

time to read

2 mins

November 04, 2025

Financial Express Lucknow

CASA ratio up a tad as banks aim to protect NIMs

BANKS ARE STEPPING up efforts to grow current account and savings account (CASA) deposits, in a bid to protect margins amid a competitive deposit environment.

time to read

1 mins

November 04, 2025

Financial Express Lucknow

MUFG in talks to acquire 20% in Shriram Finance

JAPANESE BANKING GIANT Mitsubishi UFJ Financial Group (MUFG) is in advanced negotiations to acquire a 20% stake in Shriram Finance, according to a report by Moneycontrol. This could be one of the biggest deals in the non-banking financial companies (NBFC) space this year.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Godrej Consumer may see margin recovery

DRIVEN BY TRADE NORMALISATION AND FESTIVE-SEASON TAILWINDS

time to read

1 mins

November 04, 2025

Financial Express Lucknow

LPG sops to drive OMCs profit in H2

STATE-OWNED OlL marketing companies (OMCs) are likely to sustain their profitability momentum in the remaining quarters of the fiscal 2025-26 on the back of robust refining and firm marketing margins,as per analysts.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Resumption of EU FTA talks to bridge gaps

INDIA AND THE European Union (EU) on Monday resumed negotiations on their Free Trade Agreement (FTA) with a team from Brussels arriving here.

time to read

1 mins

November 04, 2025

Financial Express Lucknow

White-collar hiring dips 9% in October

THE WHITE-COLLAR HIRING activity in October declined 9% year-on-year as the Diwali-Dussehra festive holidays temporarily impacted recruitment momentum, a report said on Monday.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Shriram Finance shares jump 6% post earnings

SHARES OF SHRIRAM Finance on Monday closed up 6.18% at %795.15 on the National Stock Exchange as the NBFC major reported a consolidated net profit of $2,315 crore for the quarter ended September, up 11.6% year-on-year.

time to read

1 min

November 04, 2025

Financial Express Lucknow

Microsoft signs $9.7-bn AI cloud deal with IREN

MICROSOFT HAS SIGNED an approximately $9.7 billion deal to purchase AI cloud capacity from IREN, becoming the Australian company’s largest customer.

time to read

1 mins

November 04, 2025

Listen

Translate

Share

-
+

Change font size