Migration away from diesel to hurt powertrain division! Implementation of new emission norms i.e. BS-VI from April 2020 onwards is set to change the fuel preference landscape in the passenger vehicle space. The quantum of cost increase necessitated by introduction of new technology is expected to be higher for diesel vehicles compared to petrol vehicles, thus further exacerbating the existing initial cost difference between the two. For the smaller passenger car models, in particular, this cost increase is seen as being prohibitive from a demand perspective. The...