New mandatory safety norms to increase cost of vehicles
- 5 years ago
The Indian automotive industry is not in a happy place, and it's not just because of low sales. From the end of April this year the industry has been hurting from rising costs which have kicked in with the government's mandate that vehicles meet stricter safety norms. CNBC-TV18's Alisha Sachdev reports that this pain will continue through the year, as new safety norms kick in in a phased manner.