Saar: The said policy has been in discussion for six months and is likely to be finalised in the next three.
With the pace that automobile industry and its trends are changing, a new-age auto policy is a must for India. In fact, it has been in discussion for the past six months between various stakeholders. The new auto policy for India envisages a single nodal regulatory body for the automobile industry and is expected to be finalised in the next three months.
Currently, the car classification in India is done on the basis of engine displacement and type, length and ground clearance. The new policy, however, is likely to bring a change in how a car is classified in India. Instead of the aforementioned criterion, the new policy might classify cars based on length and the amount of CO2 (carbon dioxide) emissions they produce. The draft policy supports this amendment by highlighting the fact that length-based classification will help in reducing vehicular congestion. On the other hand, CO2 emissions-based bifurcation will help in addressing the air pollution problem at a faster rate. Essentially, a car that produces more CO2 will pay higher road and registration taxes.
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Additionally, the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles) is expected to be modified for faster adoption of eco-friendly automobile technologies. That should help in encouraging vehicle manufacturers to work on reducing the overall pollution produced while manufacturing their cars.
Apart from that, the draft policy had also recommended that a ‘green’ mobility road-map, through the evolution of emission regulations, be finalised. That’s beside a long-term plan for incentives and infrastructure investments for zero-emissions mobility.
There is no doubt that developments such as these will have a positive impact. That said, meeting pre-defined emission targets under the long-term plan could get tricky for manufacturers. The automotive technology is changing and how quickly and at what rate will it continue to evolve is something in the unknown.
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