‘New auto policy may be finalised in three months’

‘New auto policy may be finalised in three months’

News:

1. The central government is planning for new National auto mobile policy.

Important Facts:

2. The draft Policy seek for emission-linked taxation on automobiles and a technology- agnostic green mobility.
3. Objective of the new national auto mobile policy.

• The policy calls for establishing a single nodal regulatory body for the automobile industry.
• The draft policy had recommended rationalization of the GST structure for automobiles.
• The Policy vision for green mobility and reduction in greenhouse gas (GHG) emissions.
• The draft policy recommended the vehicle length-based classification which will target reduction in vehicular congestion and CO2 emissions.
• The current automobile policy is based on length, engine displacement, and engine type and ground clearance.

4. For the faster adoption of eco-friendly automobile technologies government is planning to strengthen the FAME India (Faster Adoption and Manufacturing of Electric & Hybrid Vehicles)
5. As the final draft of the policy get ready it will be circulated among departments concerned.