Temporary Delhi diesel vehicle ban leaves automakers in dark, investors jittery: Reuters

Screen Shot 2015-12-14 at 1.24.14 PM“A nearly four-week ban on registering new diesel-powered vehicles in India’s capital has confused automakers and investors, prompting concerns that efforts to battle Delhi’s air pollution could derail the auto industry’s tentative recovery. India’s top environmental court on Friday banned the registration of diesel vehicles in Delhi until Jan. 6 as the city experiences hazardous levels of pollution, in part due to diesel emissions. But the court’s ruling gave little detail, sparking a sell-off in automakers’ shares on Monday and industry frustration. Shares in Tata Motors, India’s second-biggest automaker by market value, fell as much as 4.6 percent, while market top utility vehicle maker Mahindra & Mahindra’s stock was down as much as 2.65 percent, adding to losses on Friday after the ruling.” Reuters. Read it on delhiair.org

Temporary Delhi diesel vehicle ban leaves automakers in dark, investors jittery

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