Hyundai, Mahindra, Kia among firms fined Rs 7,300 cr for emission breach

Quick Summary:

Penalties were calculated based on the number of non-compliant vehicles sold throughout the year.

This non-compliance could result in total penalties of around Rs 7,300 crore, according to a report by The Indian Express.

Initially, non-compliance penalties under the Energy Conservation Act, 2001, capped at Rs 10 lakh, included the cost of excess energy consumption.

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Category: BusinessFinance

Markets: India

Topics: Green vehicles Penalties FY 2022-23 Fuel efficiency India automotive regulations Mahindra Penalty for car makers Car companies news Hyundai Automotive fines Car maker pollution norms Carmakers Emission penalty Ministry of Power What are car pollution rules Auto sector news Non-compliance Fleet emission Corporate average fuel efficiency Kia Carbon emissions Environmental regulations Vehicle compliance Emission standards CAFE norms Automotive industry BEE Auto industry news Pollution norms Hyundai emission

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Article Type: News Report

Published On: 2024-11-28 @ 11:48:56 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

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Copyright Owner: © Business Standard

News ID: 23914156

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