Shailesh Chandra, the managing director of Tata Motors Passenger Vehicles and Tata Passenger Electric Mobility, said CAFE-III standards will be significantly more stringent than CAFE-II where certain original equipment makers (OEMs) were able to meet the norms with zero or even low penetration of battery electric vehicles (BEVS). "However, in the new norms, it will become extremely difficult, if not impossible to comply without BEVS in the mix. Or else, the companies will face significant penalties and also will face the risk of adverse impact on the brand the prices of internal combustion image," Chandra said.
He expects that in the next 5-6 years, the mix of CNG and EVs will see a significant rise in the volumes. "Beyond 2027, the trend will be steeper because of this regulation," he added.
This story is from the June 27, 2024 edition of Business Standard.
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This story is from the June 27, 2024 edition of Business Standard.
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