Auto industry faces ₹25k cr hit on profits for FY26 due to end-of-life vehicle rule

The auto industry body had sought the possibility of resolving the issue through amending Rule 4(6) before EC cost notification to clarify that cumulative budgetary provisioning may not be required

The Indian automobile industry is staring at a hit of about 25,000 crore on bottom line for FY26 with the Environment Protection (End-of-Life Vehicles) Rules 2025 triggering an accounting standard cl…

Originally published by BusinessLine. Read the full article →