Vehicle scrap policy to see another round of consultations with stakeholders: Gadkari

The proposed policy for scrapping 20-year old commercial vehicles will go for another round of consultations with stakeholders as per the PMO directions, Union Minister Nitin Gadkari said today.

The proposal aims to pave the way for mandatory scrapping of such vehicles from April 1, 2020.

"PMO has asked us for another round of consultation with stakeholders. Accordingly, we will be doing consultations with stakeholders, industry and consumers," Road Transport Minister Gadkari told PTI on the sidelines of an event today.

He said that after "taking everyone's views" it will be sent back to the PMO for approval, he said.

Once the policy is approved, he said, India could emerge as a hub for automobile manufacturing as key raw material available from scrapping like steel, aluminium and plastic are bound to be recycled, bringing down automobile prices by "20 to 30 per cent."
India is already a leading place for automobile industry with a turnover of Rs 4.5 lakh crore, he said. "I think there is a huge potential."