The rising cost of developing a huge consideration for the shift to newer emission norms

The automobile industry has been hit the hardest when it comes to absorbing the shocks of changes being proposed in the technical directives by the government to make their case at the world stage for the conservation of the planet and fight against climate change as a part of their national policy guidelines to both foster growth in the green technology segment and also project the country as an investment opportunity for the new-gen tech giants to build upon the capabilities of India in both the technological and the market for those technology’s domain and recalibrate the growth function into the economy. Many auto manufacturers are upgrading themselves to fight the next segment rule changes in the form of BS-VI norms that have been prescribed for the deadline on 1st April 2020.

The reference to the millennial here has been brought about a statement that the finance minister of India issued during one of her press conferences in the past that were brought to by the auto sector for the recovery of the segment under the new fiscal policy norms and a demand of lower taxes were made, the millennial thought process isn’t about investing in lower returns and that has been the case with automobiles for a very long period of time now, and this notion has to be revisited as the companies who thought that diesel was a thing in the past have reconsidered entering into the segment to cash on the wave it has generated for the diesel vehicles and now wants to augment its development capabilities through advanced research in the designing of the engines.

Maruti Suzuki has been a pioneer in petrol vehicles and will stop the sales of diesel vehicles from the date of the deadline for it doesn’t have the necessary supply-chain to enter the segment with the reformed policies at this given point of time but will enter the market again in the next financial year to bank upon the development it will be investing in this year, and the costs will be high as the development comes at a premium and the company thinks that the Indian consumer isn’t ready to pay that premium just yet.