Why India’s automakers are squabbling over CAFE norms
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Why India’s automakers are squabbling over CAFE norms
In today’s Finshots, we break down the CAFE framework and explain why it’s turning India’s auto industry into a bit of a tug of war.The StoryThe Indian auto industry is caught in the middle of a big fight right now, and the bone of contention is something called the CAFE framework — short for Corporate Average Fuel Efficiency.If you’ve heard the term before, you probably know that CAFE norms are government rules designed to push carmakers to sel…
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