Achieving Environment Sustainability in Automobile Sector: Application of Circular Economy in India

Abstract

The automobile sector is one among the other electrical &electronics, construction, and agriculture that 
has the largest growth potential and majority of household expenditure is on these sectors. The ownership of 
passenger cars is predicted to increase from 20 vehicles per 1000 to 175 by 2040.India is experiencing digital 
revolution and is going to be the third largest market for automobile by 2026. This sector has witnessed 
technological and manufacturing revolution and will provide the maximum resource efficiency, environmental 
and sustainable advantages through the application of circular economy and enablers like- tracking, sharing. This 
paper focuses on achieving environmental sustainability by studying the framework for different principles of 
circular economy and sustainable business practices that are followed in India. The main aim of the study is to 
understand the environmental sustainability through the application of circularity principle for Automobile sector 
in India.