Approach for CO2 Reduction in India’s Automotive Sector
India has gone through a lot of transformation over the last decade. Today it is the 6th largest and one of the fastest growing economies in the world. Rising income level, increased consumerism, rapid growth in urbanization and digitization have attributed to this change. Government focus on “Make in India” for promoting trade and investment in India have ensured that India emerge as one of the largest growing economies in the world. The automotive industry played a pivotal role in the manufacturing sector to boost economic activities in India. The passenger car market has increased 3 times over the last decade and it has led to increased mobility options for many people across India. However, this has put concerns on the country’s energy security and emission levels. According to IEA’s recent report on global CO2 emission, 32.31 Gt of CO2 emissions were from fuel combustion in 2016, out of which transport sector contributed ~25%.