Sustainable Business Practices in Automobile Companies, India - A Comprehensive Study

India is one of the fastest growing economy in the world. Among all the conventional industries in India, automobile industry is faring well on global front. It has witnessed a significant shift toward sustainable business practices in the recent years in light of growing environmental and societal concerns. Industries in India release harmful pollutants causing environmental pollution. It harms the environment leading to acid-rain, global warming, climate change, biodiversity loss, increased carbon emission, etc. These pollutants have adverse effects not only on living organisms, human health but also on the ecosystem as a whole. This paper delves into the growing importance of sustainable business practices among the automobile companies. Sustainability in automobile industry refers to the adoption of practices aimed at minimizing the negative environmental, social, and economic impacts associated with the manufacturing, operations, and disposal of vehicles. Sustainability which is a broad concept can be realized by reevaluating, remodeling, and reorganizing the organizational activities at various levels by considering the three principles of sustainability namely environmental protection, social equity, and governance (ESG). This paper explores diverse aspects of sustainability in the automobile sector, including eco-friendly manufacturing, electric and hybrid vehicles production improvement in fuel efficiency and compliance with ethical and stringent emission standards. This study sheds light on the pivotal role that sustainable practices play in the future of automobile industry, enabling to reduce greenhouse gas emissions, minimize waste, and promote social responsibility. The study emphasize on finding innovative and creative ways to reduce environmental degradation and discuss the role of government, consumer awareness, and businesses in achieving SDGs. Furthermore it underscores the potential of these practices on the long-term profitability and resilience of automobile companies in this dynamic and promising sector.