Volvo Group Partners with Chennai Firms to Cut 13,000 Tons of CO2 Annually

Key Highlights:

• Volvo Group partners with two Chennai-based suppliers to achieve climate neutrality by 2040.
• These partnerships could reduce CO2 emissions by 13,000 tons per year.
• Rane (Madras) Ltd helps Volvo create fossil-free steering parts using only renewable energy.
• Madras Engineering Industries Pvt Ltd makes fossil-free castings with recycled materials and no toxic elements.
• The new components will be used in Volvo trucks by early 2025.

Volvo Group has partnered with two significant supplier partners in Chennai, India, Rane (Madras) Ltd and Madras Engineering Industries Private Limited, to accelerate its efforts to achieve climate neutrality by 2040.

Volvo Group Trucks will incorporate fossil-free components from these Indian supply partners, potentially reducing CO2 emissions by 13,000 tons each year.

Fossil-Free Tie Rods and Linkages by Rane

Volvo Group collaborated with Rane (Madras) Ltd to produce fossil-free tie rods and links, which are critical components that drive the wheels of Volvo trucks. These components are made with 100% renewable energy across the supply chain, eliminating the usage of fossil fuels and toxic materials. 

The process also incorporates fossil-free steel and electric vehicles for material movement, creating a truly sustainable production line. This innovation is expected to reduce CO2 emissions by 600 tons annually for Volvo.

Sustainable Ferrous Castings by MEI

Volvo Group has collaborated with Madras Engineering Industries Private Limited (MEI) to develop fossil-free ferrous castings, which are another key component of automobiles. 

These castings, designed to withstand high stress and fatigue, are produced using only renewable energy and metallic scrap instead of virgin resources like pig iron. The process is entirely free from landfills and hazardous materials, resulting in products that are fully recyclable.

Future Impact

The components developed by RANE and MEI are scheduled to be introduced in Q1 2025. The tie rods and connections developed with RANE are expected to reduce Volvo's CO2 emissions by 600 tons per year. 

If applied across other supply partners making equivalent components, the savings might total several thousand tons per year. Similarly, MEI's fossil-free castings are estimated to reduce Volvo's CO2 emissions by 12,400 tonnes per year, with the potential to have a bigger industry impact if adopted by additional suppliers.

Also Read: Volvo Group India Hosts First-Ever Pride March at Bagmane Tech Park

CMV360 Says

Volvo Group’s collaboration with Chennai-based suppliers reflects a proactive effort towards sustainability in the automotive industry. The commitment to using renewable energy and recyclable materials demonstrates how companies can effectively advance their climate goals. Such partnerships set a positive example, encouraging broader adoption of green practices in manufacturing.