The Supreme Court has put a stay on the imposition of Rs 500 crore fine on the German automaker Volkswagen. A bench was headed by Mr. Justice S A Bobde said that no coercive action will be taken against the car maker. The National Green Tribunal has imposed the fine in March on Volkswagen for causing environment damage by using a 'cheat device' in its diesel vehicles.
The fine was imposed in the wake of the infamous the 'Volkswagen Emission Scandal' that came to light in 2015 when the US Environmental Protection Agency served a notice to the Volkswagen Group for violating the Clean Air Act.
As a result, Volkswagen had to face much flack globally and ended up paying 27 billion in Euros. In the wake of the same, the automaker announced that it was going to stop production and development of combustion engines by 2026 and completely switch to vehicles running on clean energy.
For the Indian market, Volkswagen has recently made an announcement that its Czech arm, Skoda is going to lead its operation. The automaker is soon going to launch a series of new vehicles, which are going to be part of its India 2.0 strategy. Leading the charge,will be an all-new compact SUV, the T-Cross. The same is expected to launch in India sometime during 2020. It is going to compete against the likes of Hyundai Creta and the Nissan Kicks.
Skoda Auto India, on the other hand, is trying to make a strong case for itself. It has recently introduced a number of customer-centric initiatives in order to lure buyers to its showrooms. These include a number of after sales packages which include extended warranty and even assured buyback scheme for certain models.