Volvo India Aims To Have 50% Vehicles To Run On Non-Fossil Fuel By 2030: Official


Volvo India aims to have 5% of its vehicles to be powered with non-fossil fuels by 2030, a senior company official said on Thursday.

While speaking at Digital Acceleration and Transformation Expo (DATE), Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040.

“At Volvo, we have set target that by 2030, 50% of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50% will become non-zero emission by 2040,” Bali said.

He said that transport industry accounts for 20% of world’s total green house gas emissions and if automobile companies take pledge to reduce emissions then it will bring huge change in the environment.

“We have also taken pledge that 35% of all employees at leadership level and other levels will be women. We see this as part of sustainability,” Bali said.

. Read more on Business News by BloombergQuint.

Leave a Comment