Over the past decade, the Indian automotive industry has undergone a remarkable evolution, shaped by dynamic economic, technological and regulatory forces. The period witnessed a shift from traditional internal combustion engines to a burgeoning interest in electric and low carbon fuel technologies, driven by environmental concerns and advancements in technology.
Furthermore, the regulatory push on stringent vehicle emission norms from the Government of India not only compelled manufacturers to adopt cleaner technologies but also spurred innovations in fuel efficiency and emission control. In a nutshell, the evolution of the Indian automotive industry in the last decade has been characterised by a transition towards cleaner and smarter mobility solutions, reflecting a global trend towards sustainability and technological innovation.
Climate change is the existential crisis of our times
Climate change has emerged as a pivotal force driving the implementation of stringent emission norms worldwide. The alarming rise in greenhouse gas emissions, primarily from the combustion of fossil fuels, has intensified the need for proactive measures. Governments globally recognise the automotive sector's significant contribution to emissions, prompting the establishment of stringent regulations to curb pollutants like NOx, PM, and others. Emission norms, such as Euro standards and Bharat Stage standards, have been pivotal tools in managing these pollutants so far.
However, over the last few years with the focus on climate change and GHG emissions, governments and Industry participants are now focusing on decarbonisation. Governments and Industry are now working towards cleaner technologies and fostering the development and adoption of low carbon and zero emission vehicle technologies, thus steering the automotive industry toward a more sustainable future.
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