Automakers clash with govt over emission limits

Automakers are pushing back against India's proposed carbon emission limits and plans for new standards for lighter cars, terming the South Asian nation's use of regulation to stem planet-warming greenhouse gases as "too aggressive."

- Bloomberg

New Delhi's plan to cut car emissions by a third from 2027, more than twice the pace of its previous target, risks the sustainability of the industry, according to a note from the Society of Indian Automobile Manufacturers (Siam) seen by Bloomberg News.

The document is part of discussions on the third phase of India's Corporate Average Fuel Efficiency norms, a set of rules first introduced in 2017 to reduce greenhouse gas emissions and dependency on oil imports. India is one of the world's largest releasers of greenhouse gases, and its $137-billion auto industry is a major contributor.

The proposed steep cut risks billions of rupees in penalties and threatens future investments in one of India's most critical manufacturing sectors, the document, a formal submission by Siam to the power ministry, said.