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India proposes new CAFE-III norms, introduces carbon neutral factor
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Ministry of Power circulated draft CAFE-III norms for M1 passenger vehicles.
CAFE-III norms effective from April 2027 introduce Carbon Neutrality Factors for biofuels.
Norms propose progressively tighter fuel consumption targets until 2032.
Regulation aims to reduce vehicular emissions and promote cleaner fuels.
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Rajeev Chandrasekhar / Jupiter Capital interests historically