New Delhi, May 4 -- The Indian automobile industry may face a significant hit of around Rs 25,000 crore to its profits in FY2025 26 due to provisions linked to the Environment Protection (End-of-Life Vehicles) Rules, 2025.
Industry executives said an innocuous-looking clause in the Environment Protection (End-of-Life Vehicle) Rules, 2025, notified by the Ministry of Environment, Forest and Climate Change in January 2025, has raised concerns among automakers after auditors flagged its potentially wide implications, reported PTI.
A specific clause—Rule 4(6)—of the January 2025 notification states, In case the producer stops its operations, the producer must comply with its Extended Producer Responsibility (EPR) in respect of ...