Govt calls for meeting of automakers next week to discuss mandatory airbags issue

Sections of the industry have argued implementation of the norm will make four-wheeled vehicles expensive, putting them out of reach of entry-level buyers. But a top source in the government told ET that in a market where more than 80% of personal buyers opt for financing solutions, the additional cost would translate into barely Rs 150 on equated monthly instalment plans.

from Auto-Industry-Economic Times https://ift.tt/T2nGdSO