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‘New auto policy may be finalised in three months’
News:
- The central government is planning for new National auto mobile policy.
Important Facts:
- The draft Policy seek for emission-linked taxation on automobiles and a technology- agnostic green mobility.
- 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.
- 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)
- As the final draft of the policy get ready it will be circulated among departments concerned.
