◆Tavera recall likely to cost GM India Rs 500 cr in repair work, lost sales & penalties
General Motors India may have to take a hit of around R500 crore as a result of its recent move to recall 1.14 lakh Chevrolet Tavera MPVs to align them with statutory emission norms.
Around R285 crore will go into fixing diesel engines in the recalled vehicles in order to comply with India’s statutory BS III and BS IV emission norms. The company is also likely to face a penalty of about R11 crore under the Central Motor Vehicle Rules for misrepresenting emissions data to the Automotive Research Association of India, the official testing agency.
【News source】
Tavera recall likely to cost GM India Rs 500 cr in repair work, lost sales & penalties
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