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NGT Fines German Auto Major Volkswagen For Rs 500 Crores

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As per National Green Tribunal, German auto major Volkswagen has been damaging the environment through the use of  “cheat device” in its diesel cars in India. National Green Tribunal on Thursday thwacks a fine of Rs 500 crores for alleged violation of emission norms. NGT Chairperson Justice Adarsh Kumar Goel has directed the carmaker to unload the amount within the period of 2 months.
The Green panel on November 16, 2018, had directed Volkswagen to deposit an interim amount of Rs 100 crores with the Central Pollution Control Board for the interference of their diesel cars in environmental damage.
It had also composed a joint team of representatives of the board, counting, Ministry of Heavy Industries, Automotive Research Association of India and National Environmental Engineering Research Institute, which had suggested Rs 171.34 crore fine on Volkswagen as “health-damages” for causing air pollution in Delhi which lead to an excess of Nitrogen oxide emission.
The pleas filed by Ailawadi, a school teacher and a few others were heard by the tribunal. The plea was made seeking a ban on the sale of Volkswagen vehicle for an alleged violation of emission norms.
Read EquityPandit’s Technical Analysis Of Nifty Auto

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