Indian auto industry faces ₹25,000 crore impact from new rules
pre-market1 source ↓written by the desknot a recommendation
The Indian automobile industry is bracing for a potential ₹25,000 crore hit in FY2025-26 due to the End-of-Life Vehicles (ELV) Rules. This regulation mandates significant provisions for environmental compensation, affecting vehicles sold over the past 20 years for private use and 15 years for commercial use. Automakers are alarmed as auditors flag the financial implications of this rule, which could lead to substantial cumulative costs once notified by the Central Pollution Control Board (CPCB).
Not investment advice. For informational purposes only.