Tuesday, August 1, 2023

Automakers may need to use 20% recycled inputs from 2026-27

​​Under the plan being considered, at least 20% by weight of the materials being used in the vehicle need to be recycled from 2026-27 onwards. This level is to be kept unchanged during 2027-28, but increased to 30% in 2028-29 and 2029-30. The mandate will be on use of minimum percentage recycled materials in new production.

from Auto-Industry-Economic Times https://ift.tt/wxWGv1L

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India's auto component industry to hit USD 145 billion by 2030, exports to triple: NITI Aayog

NITI Aayog envisions India's automotive component production soaring to USD 145 billion by 2030, with exports tripling to USD 60 billion...