IE Seminar – Closing the loop through circularity

IE gathered experts to deliberate on the topic of closing the loop through circularity. It highlighted the need and impact that circular economy will create on businesses.

Listen to this article

An organised after-market is necessary

– Ramashankar Pandey, CEO, Tata Green Batteries

From a practical standpoint, within the automotive industry in the past, India lacked a comprehensive policy, inspection, certification and regulatory frameworks necessary for the automotive aftermarket. However, these aspects are now evolving and aiding the ecosystem.

From an industry perspective, a clear business case and visionary leadership are crucial for success. India has the potential to lead globally in sustainability, particularly in achieving more with less and embracing recyclability and circularity. However, challenges exist in organising, standardising and digitising the aftermarket cycle to build consumer trust, especially in the certification of used parts.

The aftermarket, including the battery industry, faces challenges such as environmental impact, like lead contamination. Companies like Tata are reconsidering their business models to address such issues. Collaboration with stakeholders is essential to create organised systems, like a marketplace for old batteries.

The impact of middlemen in recycling
The battery industry, particularly lead-acid batteries, holds significant responsibility in mitigating lead poisoning which affects approximately 23 crore children. Recognising this, there’s a reevaluation of business models within the industry. While there’s a commendable practice of returning old batteries to retailers, the journey from collection to smelting requires greater organisation. The presence of middlemen often prevents the establishment of state-of-the-art smelting units which is essential for sustainable and responsible recycling. Concerted effort is needed to ensure that every step in the process is environmentally sound, preventing lead contamination of water and food sources. There’s a call for collaboration with stakeholders to introduce more standardised practices in the battery recycling ecosystem, to realise the vision of a cleaner, safer environment for all.
We at Tata are prepared to collaborate with any stakeholder who can bring in such a system.

Latest

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026,...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and...

US grants 30-day waiver to India to purchase Russian oil

To enable oil to keep flowing into the global...

Newsletter

Don't miss

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026,...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and...

US grants 30-day waiver to India to purchase Russian oil

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Prolonged Middle East conflict, could stoke inflationary pressures: FinMin

The US-Israel strikes on Iran on 28 February 2026, killing Iranian Supreme Leader Ali Khamenei and sparking retaliatory threats, has disrupted shipping through the...

Reliance Consumer ties up with Fazer of Finland

Reliance Consumer Products Limited (RCPL), the FMCG arm of Reliance Industries Limited, has signed a memorandum of understanding (MoU) with   Fazer, a leading foods company...

Ashok Leyland is the official sponsor of Chennai Super Kings

“This partnership continues the long-standing association between CSK and the Hinduja Group, building on the successful collaboration with Gulf Oil, another group company, forover...