Leaders’ Declaration stamps India’s leadership role on global stage, says EY CEO Rajiv Memani

    September 09, 2023 / 08:56 PM IST

    G20 Summit LIVE Updates: Here’s what Vikram Gulati, Country Head and Executive Vice President, Toyota Kirloskar Motor said on the announcement of Global Biofuel Alliance

    “We at Toyota Kirloskar Motors, applaud the initiative of forming the Global Biofuel Alliance aimed at bringing together countries, international organizations, and industry to facilitate adoption of biofuels by driving biofuel development, deployment as well as position biofuels as a key to energy transition thereby contributing to jobs and sustainable economic growth. This announcement has come at a much appropriate time. The Global Biofuel Alliance is a critical step towards a sustainable future as it seeks to build capacity, provide technical assistance, create a virtual marketplace, and put down standard codes, sustainability principles and regulations for biofuels, to meet the growing energy needs, both in the domestic as well as global markets.

    Further, we believe that this will facilitate the ongoing efforts of various stakeholders, including corporates, to bring down the oil import bill and realize the carbon reduction goal at a faster pace. At Toyota, we are aligned to the efforts of the Global Biofuel Alliance and are adopting a multiple-technology approach providing clean & green mobility solutions including the use of alternate fuels (eg Ethanol) to enable faster shift away from fossil fuels. Towards this, on 29th August’23, TKM unveiled the prototype of the World’s First BS 6 (Stage II) Electrified Flex Fuel Vehicle (Innova Hycross), which combines a flex fuel(biofuel) engine with an electric powertrain to provide dual benefits of larger petrol substitution and higher energy efficiency. This technology promises a disruption-free, smooth, and faster energy transition.

    Going forward, we will continue to follow a holistic approach with focus on sustainable mobility that will contribute to India’s agri based economy, promote self-reliance, create jobs as well as support nation’s development and economic growth.”

    Source link

    Latest articles


    Related articles