Tackling End of Life Vehicles (ELVs) in an environmentally sensitive manner is at the core of safely reintroducing waste to new production. The sound management acts to transform waste into nutrients fed to the new product. This approach popularly known as the ‘cradle-to-cradle’ although not new to the automotive industry has room for immense headway. In India, a well-oiled recycling ecosystem is the crying need of the hour. The first lecture of the two-part environment series outlined such nitty-gritty. It provided an overview of the supplier and the Original Equipment Manufacturer (OEM) function, regulations and policy, and the economic impact of recycling ELVs. Setting the tone of the proceedings, exclaimed Rahul Mishra, Principal at Kearney, “The steady shift towards ELVs in India has multiple implications for all the stakeholders in the automotive industry in particular and the economy at large.”
By 2025, ELVs in India is expected to reach a market size of 2022 million at an estimated valuation of Rs.9400-12,500 crore, as per the Kearney study cited. In a further bifurcation, Shovik Banerjee, Principal at Kearney opined that the scrap generation from ELVs would touch a valuation of USD 5.6 million, by 2025. Projecting the contribution of different vehicular segments to ELVs over the next half a decade, Banerjee stated, passenger vehicles alone would be the second-largest contributor to ELVs at 10-30 per cent in a total passenger vehicle population (parc) of 12 per cent. Two-wheelers would make up for a 25-35 per cent share in a vehicle parc of about 80 per cent. Commercial vehicles would contribute the bulk of the share at 40-50 in a vehicle parc of six per cent, he pointed further.
Key OEM and supplier considerations
This story is from the October 2020 edition of Auto Components India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2020 edition of Auto Components India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
BUSWORLD SOUTHEAST ASIA: A PREVIEW
The third edition of Busworld Southeast Asia 2024 assures a blend of comfort, innovation, and sustainability this year,
GREEN GAS SYSTEMS AND STORAGE
Greenfuel Energy tops the list for reliable clean gas systems and energy storage solutions. Deepti Thore highlights its market acceptance.
INDIA EVS COST LESS OVER LIFETIME BUT FACE UPTAKE HURDLES
The lifetime costs of electric vehicles in India are less than those of Internal Combustion Engine (ICE) models across most vehicle segments. This facilitates adoption, especially for low-speed two- and three-wheelers as per the findings of BloombergNEF’s latest report, writes Ashish Bhatia.
CHARGEQ EV ECOSYSTEM
ChargeQ is building the EV ecosystem with unique offerings for emergency charging and an emphasis on grid balancing,
NIPPON MASTERCRAFT FOR THE LUXURY SEGMENT
Nippon Paint India, the leading paint and coating company in the Asia Pacific has launched an aftermarket one-stop shop brand Mastercraft.
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS
At the ATMA Annual Conclave, stakeholders of the tyre industry deliberated on greater sustainability and the adoption of emerging technologies to enhance productivity, writes Richa Tyagi.
MAHINDRA MPOWER MOVEMENT
An established forum for emerging transporters of the country, the Mahindra MPower movement returned this year. Ashish Bhatia highlights the organisations that stood out this year at the Mahindra Truck And Bus initiative.
VOTE ON ACCOUNT: SIGNS FOR THE FULL BUDGET
The Vote On Account or the Interim Union Budget 2024-25 gave signs of what's to come for the auto industry in the Full Budget due post-elections, writes Ashish Bhatia.
SUPPORTING CUMMINS CUSTOMERS
In an Upfront session, Antonio Leitao, VP - Off-highway, Engine Business & Europe ABO Leader at Cummins Belgium speaks to Ashish Bhatia on backing both local and global customers from India.
CUMMINS' OFF-HIGHWAY PLAY
Cummins Inc. is pursuing higher efficiencies for its CEV customers from India. Ashish Bhatia highlights the advancement and customer value propositions.