Implications of Bharat Stage (BS) VI in India for Powertrain component suppliers
Heavy investments to be made by Automotive and Energy industries with India’s leap to BS VI
The number of automobiles on Indian roads has grown significantly and it has had a direct effect on the degradation of air quality in the country. Vehicle emissions vary depending on on a number of factors, most notably average speed, distance covered, vehicle age, quality of fuel and emission reduction system installed. Heavy and light commercial vehicles, whilst fewer in number, are more significant contributors to carbon dioxide (CO), hydrocarbon (HC), NOx and particulate matter (PM) emissions in comparison to Light Passenger Vehicles (LPV). The rapid growth in LPVs, which is forecast by IHS Markit to continue out to 2025 as shown below, has led to traffic congestion and lower average speeds, especially in urban sectors areas. This has led to further increases in air pollution.