Latest News
About Us|T & C|Contact|Privacy
Flash ReportsFlash Reports
ForecastForecast
onClick=handleToggle
SubscriptionSubscription
EventsEvents
MenuMenu
Subscription Plans

Grow better with the right plan

Choose only the relevant plan group and compare a cleaner set of cards on mobile.

Compare the individual plans only, with a cleaner mobile layout built for solo users.

Individual Basic

Individual Plan
Bronze icon

Built for individual professionals who need premium news access and a clean entry plan.

0
₹0.00
/year

    Individual Pro

    Individual Plan
    Silver icon

    Designed for advanced individual users who need more tools and broader content access.

    0
    ₹0.00
    /year

      Volvo Group Expands Fossil-Free Sourcing in India

      Business |Agreements & Stratergies

      Partner with Rane (Madras) Ltd and MEI. New components, made with 100% renewable energy, will cut CO2 emissions by up to 13,000 tons annually and launch in Q1 2025.

      703 views | Date: August 21, 2024

      Loading...
      Volvo Group Expands Fossil-Free Sourcing in India
      Loading...
      Volvo Group Expands Fossil-Free Sourcing in India
      Subscribe – mobile
      Advertisement
      Want a quick snapshot?
      View Flash Reports and insights for this market.
      Click to explore interactive charts & trends.
      Subscribe – desktop

      Gothenburg, Sweden- AB Volvo., committed to climate neutrality by 2040, is expanding its fossil-free sourcing in India. After launching Fossil Free Castings in 2022, they've now partnered with Rane (Madras) Ltd and Madras Engineering Industries (MEI) to include more components. This initiative could reduce CO2 emissions by 13,000 tons annually in Volvo Group Trucks.

      In collaboration with Rane (Madras) Ltd, Volvo Group has developed fossil-free tie rods and linkages, essential components that steer the wheels of Volvo trucks. These products are manufactured using 100% renewable energy across the supply chain, eliminating the use of fossil fuels, and hazardous materials. The innovative approach also includes the use of fossil-free steel and electric vehicles for material movement, ensuring a truly sustainable production process.

      Volvo Group has also collaborated with Madras Engineering Industries Private Limited (MEI) to create fossil-free ferrous castings, another critical component of vehicles. These castings, subjected to extensive stress and fatigue, are produced using 100% renewable energy and 100% metallic scrap without virgin materials like pig iron. The process is entirely landfill-free and devoid of toxic elements, resulting in products that are 100% recyclable.

      RANE's tie rods and linkages are expected to reduce Volvo's CO2 emissions by 600 tons annually, with potential for even greater reductions across other suppliers. MEI’s fossil-free castings could cut emissions by 12,400 tons annually, with broader impact possible if more suppliers adopt similar practices. Both components, certified by CII’s GreenCO and GreenPro, will be introduced in Q1 2025, meeting global sustainability standards.

      Leave a Response

      You must be logged in to respond.

      Responses

      No responses yet. Be the first!


      Advertisement