By Alex Wood, Analyst, Integer Research
The Indian government has been proactive in taking steps to prepare the market for the introduction of Bharat Stage VI (BS-VI) emission standards on April 1, 2020. The new emission standards will be enforced on the same date across the country, allowing businesses to devise national investment strategies in a country that could be the fourth largest SCR & AdBlue market in the world by 2023.
The Indian government appeared to be determined to reduce environmental pollution, and as a consequence we expect India’s SCR and AdBlue market to become the world’s fourth largest by 2023. This has created an even more immediate need to develop the necessary supply infrastructure to support an industry of this size and India provides a huge opportunity for all global companies operating in the SCR and AdBlue segments.
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