The Scrappage Policy announcement is in-line with the government vision to make scrap recycling an organised sector. Ministry of Mines has recently issued National Non-Ferrous Metal Scrap Recycling Framework, 2020 covering key non-ferrous metals like Aluminium, Copper, Zinc and Lead. The framework has been released with an objective to promote formal and well-organised recycling ecosystem, quite similar to the Scrappage Policy.

The Covid 19 pandemic is having enormous effects globally. The global economy has been hit hard, even worse than the Great Depression in 1930.

Government of India has envisioned a path towards building green India with industries across all segments adopting measures to reduce carbon-di-oxide (CO2) emissions, auto industry is seen taking efforts in terms of its new product development, efficient motors.

It is expected that the shift towards the EVs will be a gradual process. Maintaining engine efficiency in the ICE vehicles will help to bring a change by reducing emissions on a larger scale.

Following the Paris agreement in 2015, India announced its commitment to reduce its emission intensity by 2030.

SEG automotive is all set to introduce two new products for this fast growing segment: An 8 kW e-motor for E-Autos and a 5 kW e-motor for 2-wheelers at the upcoming Auto Expo 2020- Components.

The electric vehicle (EV) market is gaining momentum across the globe driven mainly by environmental concerns, but the shift will be a gradual one due to issues like range, production costs, charging infrastructure and a fossil fuel heavy energy mix.

The Indian automobile market, which witnessed a slowdown last year is expected to start recovering from FY21, the India head of SEG Automotive told APF in an exclusive interaction.

SEG Automotive first entered this market with a highly efficient motor for E-Rickshaws in 2019