13 August 2026
13 August 2026
The decision reflects mounting tariff costs and regulatory constraints tied to vehicles made in China and sold in the American market.
The market remains supported by vehicle tax cuts, order backlogs.
Carmakers must use at least 15% recycled plastic in new vehicles from 2032, rising to 25% from 2036.
The initiative, carried out with a consortium of industry and academic partners, examined whether expanded processing and sorting methods could improve material recovery rates across five key material categories.
At full capacity, the Gujarat plant is expected to produce more than 48,000 battery systems a year.
The data do not include strong sales by local BEV maker VinFast.
The segment continues to be driven by strong demand for BEVs.
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