Why rust is causing an annual loss of ₹87,000 crore in India
A study by Nomura Research reveals that rust-related corrosion is costing Indian vehicle owners ₹87,098 crore every year. This issue is cutting down the lifespan of cars, driving up repair expenses, and lowering their resale price. According to the report, corrosion makes up 3% of the automotive sector's GDP, ranking it among the most significant industrial losses that could be prevented. Implementing improved anti-corrosion measures could lead to annual savings of ₹30,484 crore.
by shortkt.com✓