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CAFE-3: A Strategic Pivot Towards Electrification
The recently circulated draft of India’s Corporate Average Fuel Efficiency (CAFE-3) regulations for the 2027-2032 period signals a significant strategic re-calibration rather than a mere easing of emission targets. Following consultations, the Bureau of Energy Efficiency (BEE), with input from the Prime Minister’s Office, has opted for a unified approach, discarding previous considerations for weight-based concessions for small cars. This move, effective April 1, 2027, mandates a steeper…