Battery manufacturers be it Exide, Amaron, Microtek, Luminous, etc compete among themselves to grab market share to be on top. But one thing which is common among them is showing their social and environmental conscious face to its customers. On this front, all leading manufacturers initiated BUYBACKS of old and used batteries from customers and exchange instead of new batteries.
To increase the benefits of buybacks to those involved in value chain several mediators like distributors and retailers regularly float buybacks scheme with a monetary incentive to customers to retrieve old and used batteries.
Some major advantages of buybacks are
1) Buyback give value for money to customers
Customers get value for money once they know that buyback is available at the time of purchase of new battery. It sends a positive signal that manufacturers and retailers are giving extra parts from a mere battery at the time of sale.
2) Recycling of lead possible
Buybacks make recycling possible through the collection of used batteries through customers and vendors recycling leads to retrieval of metals like lead, which is benign but toxic. Recycling puts less burden on natural resources extraction from mother earth.
It puts less strain on the environment as pollution of landfills and water can be avoided in the long run. Lead affects the environment if left open.
4) Lowers Health Risk
Buybacks will prevent exposure of used and old batteries to humans and children preferably as contact with lead can be prevented.
5) Lowers the cost of production
Buybacks are a form of reverse logistics where raw materials are made available through reversed value chain and benefits are shared to every stakeholder in the longer run.
6) Exchange instead of new batteries
Buybacks make a sure exchange of new batteries with old one makes after-sales service come into the picture. Cashback and gift vouchers sometimes are part of exchange schemes during buyback.
7) Buybacks promote trust
Buybacks promote goodwill and trust toward retailers and manufacturers and present socially relevant face of them to customers.
8) Safety at disposal or sorting
Batteries can develop a leak and physical change if left in the household and can result in explosion or fire leading to safety concerns to the public at large buybacks prevent this situation.
9) Lead reused up to 70%
Lead in lead-acid battery makes 70 percent of its weight out of which 40% can be retrieved through recycling making buybacks a profitable activity.
10) Reduces mining cost
Buybacks put less stress on mining of lead metal from nature reserves, reducing mining costs.
So, the above benefits result in a win-win for everyone associated with selling and pus have of lead-acid batteries.
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