TVS Strategies to Capitalize Rs 6 Crore in Green Energy in FY20
It further claims that with Clean Development Mechanism (CDM), renewable power contributes to 60 percent of overall share of power for the company. These initiatives are claimed to have resulted in a CO2 emissions reduction of about 50,000 tons during 2018-19
December 16, 2019. By News Bureau
TVS Motor Company has announced that it is planning to capitalize around Rs 6 crore in 2019-2020 financial year to develop implementation of green energies like solar, wind power in its operations, claimed the company.
During 2018-19, the two-wheeler manufacturer had invested Rs 8.79 crore towards optimization of compressor, fuel conversion from HSD to Propane for in paint process application and in implementation in order to reduce carbon footprint.
It further claims that with Clean Development Mechanism (CDM), the renewable power contributes to 60 per cent in overall share of power for the company. These initiatives are claimed to have resulted in CO2 emissions reduction of about 50,000 tons during 2018-19.
Besides that, the company is also working on new technologies in the areas of hybrid and electric powertrains, as claimed by the two-wheeler major.
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