India ELV and Dismantling Market Growth, Segments, Size, Industry Analysis and Opportunities 2030
India is reeling under high levels of air pollution, which is why the National Green Tribunal (NGT) and Supreme Court have passed stringent regulations, which have considerably reduced the number of years an automobile can be driven for. For instance, in Delhi/NCR, the maximum age of petrol and diesel vehicles has been brought down to 15 and 10 years, respectively. This factor is predicted to propel the Indian end-of-life vehicle and dismantling market , which generated ,$474.0 million revenue in 2019, at a 17.2% CAGR between 2020 and 2030 (forecast period). Ferrous-Metal Components To Contribute Highest Revenue to Market till 2030 Till 2030, the ferrous metal category would continue dominating the Indian end-of-life vehicle and dismantling market, because ferrous-metal components make up for around 70% of an average vehicle. These components can be easily extracted by using a strong magnet, and they also remain in high demand due to their easy reusability facto...