Mahindra flags Rs 5,000 crore CAFE 3 risk
- Posted on March 23, 2026
- By Financial Express
- 4 Views
Mahindra flags Rs 5,000 crore CAFE 3 risk

M&M flags up to Rs 5,000 crore annual penalty risk under draft CAFE 3 norms, says EV ramp-up targets are unrealistic amid infrastructure and cost challenges.