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Key Highlights:
• Tata Motors launched the "TATVA" framework to promote circular economy principles.
• Five vehicle scrappage facilities under the "Tata Re.Wi.Re" brand were operationalized for end-of-life management.
• Tata Motors aims for net-zero carbon emissions in commercial vehicles by 2045, net positive water, and 100% renewable electricity usage.
• The company's Aalingana strategy accelerates EVs and hydrogen vehicle adoption.
• New R&D facilities for hydrogen engines were unveiled in Pune, emphasizing circular business models.
Girish Wagh, Executive Director of Tata Motors, emphasized the company's efforts towards a circular economy with the unveiling of the "TATVA" framework.He stated that this methodical approach incorporates circularity concepts across the organization, focusing on energy, materials, product lifetime, and utilization.
The commercial vehicle (CV) segment aims to achieve net zero carbon emissions by 2045. Tata Motors is also expanding its end-of-life vehicle management by launching five vehicle scrappage facilities under the "Tata Re.Wi.Re" brand.
"Also, we are on track to become net positive on water and achieve 100% usage of renewable electricity in line with our sustainability roadmap," Wagh stated in the report. Renewable energy accounts for around 40% of Tata Motors' electrical demand in India.
According to him, Tata Motors has progressed in its sustainability journey across all three Aalingana pillars: net zero, circularity, and biodiversity.
Product Strategy and Certifications
To align with its 2045 net-zero goal, Tata Motors has accelerated the adoption of electric vehicles (EVs), hydrogen-based vehicles, and renewable energy. The company received FAME and PLI certifications for its Ace EV and 12m E-bus models.
R&D Facilities for Hydrogen Vehicles
The company has unveiled state-of-the-art R&D facilities for hydrogen internal combustion engines at its Engineering Research Centre in Pune. A Hydrogen ICE engine manufacturing facility has also been operationalized within Tata Cummins.
Circular Business Models
The company's management emphasized that planning for circularity is an important aspect of the circular economy. The maximum value is obtained when all of the circular business models of servitization, longer durable life, and reuse are implemented concurrently, ensuring ongoing income throughout the lifecycle, according to the report.
Furthermore, circular business models allow for the development of economic value at all stages of a product's lifecycle by guaranteeing that the product retains its original identity and function.
Circular business models increase utilisation and incentivise more reliable and lasting products, while also allowing for the reuse and refurbishment of products and components as they are designed, according to the paper.
Also Read: Tata Motors Anticipates Recovery in Small Commercial Vehicles Following Bottoming Out
CMV360 Says
Tata Motors' efforts towards a circular economy and sustainability are commendable. By focusing on renewable energy, water positivity, and innovative vehicle technologies, the company sets a strong example for the automotive industry.
The TATVA framework and circular business models highlight Tata Motors' dedication to reducing environmental impact and fostering long-term sustainability.
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