Industry talk
Managing ELVs
With the talk of scrappage policy, the End-Of-Life (ELV) journey of an automobile is once again under the spotlight.
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ndia is expected to reach a market size of 20 to 22 million ELVs by 2025 as per a report released by Kearney. This would amount to a business segment value between Rs.9400 crores and Rs.12,500 crores. With the scrappage policy expected to be announced soon, the generation of scrap through the ELV journey of automobiles is expected to reach 5.6 million tonnes per annum by 2025. Expected to have a major share of around 40 to 50 per cent are
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Commercial Vehicle December 2020 // www.commercialvehicle.in
All images are for representative purpose only.
Deepti Thore
commercial vehicles(CVs) in terms of market value simply because the content that goes in them is considerably more per vehicle when compared to a typical passenger car or a two-wheeler. CVs are also said to emit more on a per vehicle basis when compared to a private vehicle. And, despite there being a lot more twowheelers or three-wheelers as CVs often tend to stay on the road for more years on an average, emit more during their operating lifecycle and are perhaps more liable to
flouting emission and other norms. Putting CVs under the spotlight when compared to the private vehicles is their fairly significant contribution to the market size even though they amount to approximately six per cent of the vehicle parc, according to the analysis made by Kearney. Shovik Banerjee, Principal, Kearney informed that passenger vehicles acquire acquire the secondlargest share of around 10 to 30 per cent with about 12 per
