India imposes hefty fine on Volkswagen

Added On January 21, 2019

 India has imposed a hefty 14 million U.S. dollar fine on Volkswagen for violating the country's emissions standards.   

India's National Green Tribunal ordered the fine on Thursday.
The "green court" asked Volkswagen to deposit the money by Friday evening.
If the company doesn't comply, its properties could be seized and its employees in India could be arrested.
The court found that Volkswagen installed 'cheat devices' in its diesel cars in order to meet India's emissions standards.
Volkswagen denied the allegations and will appeal the decision. However, the company said it will pay the fine.
The U.S. and Europe have also fined the German automaker for violating emissions standards.
Volkswagen has a small share in India's burgeoning passenger vehicle market.
It made up about two percent of all passenger cars sold in the country last financial year.