TVS Motor has been supporting the green mobility initiative by developing suitable technology, products and business solutions. The two-wheeler manufacture has shared its plan to invest around Rs.6 Cr during 2019-20 to enhance solar, wind power under ‘Group Captive Mode’ and for implementing other planned energy efficiency measures.
Some of the future course of action of the company for energy conservation include- development of new technologies for reduction of emission and reduction of CO2 to meet future emission norms; development of new technologies, materials and processes for enhanced environmental sustainability; development of technologies including alternative materials, weight reduction, cost reduction and improvement of fuel economy; development of new technologies in the areas of Hybrid and Electric power trains.
The spokesperson of the company in a statement said “TVS Motor’s EHS Policy, is committed to combat climate change by improving energy efficiency and use of renewable energy.”
During 2018-19, the Company invested Rs. 8.79 Cr towards optimization of compressor, fuel conversion from HSD to Propane for in paint process application and in implementation of various energy saving projects for energy efficiency as well as for reduction of carbon foot print.
With this Clean Development Mechanism [CDM], the renewable power contributes to 60% in overall share of power. These initiatives of renewable energy resulted in CO2 emissions reduction of about 50,000 tons during 2018-19.