Scrappage Policy

Highway Secretary Anurag Jain said that pollution certificates need to be trustworthy

The Centre will soon ask state governments to provide up to 25 per cent rebate on road tax for vehicles that are purchased after scrapping old vehicles under the new proposed scrappage policy

The policy is expected to attract investments worth Rs 10,000 crore to set up 450-500 automated testing stations (ATS) and 60-70 registered vehicle scrapping facilities (RVSF) across the country

The move, however, doesn't bring an immediate cheer to the pandemic-bruised auto industry

Modi also said that a scrapping certificate would be issued for a vehicle, based on which there would be no registration fees required for the new vehicle purchase as part of the policy.

French carmaker Renault on Friday said the launch of the vehicle scrappage policy will usher in enhanced investments into the auto industry and also help in cutting down the raw material cost

The National Automobile Scrappage Policy unveiled on Friday will benefit all stakeholders as it will boost manufacturing, create jobs, Union Road Transport and Highways Minister Nitin Gadkari said

Modi launched the National Automobile Scrappage Policy and said the initiative will promote a circular economy and make the process of economic development more sustainable and environment-friendly

Companies in talks on joint ventures and exploring tie-ups with suppliers

Policy will increase business, employment and reduce pollution, says transport minister

Commercial vehicle companies to gain the most on scrappage, bus orders and infra boost

Auto industry says move will largely impact sale of commercial vehicles like buses and trucks but is unlikely to give a fillip to sale of personal vehicles

Lauds road infra thrust, scrappage policy among other announcements

Personal vehicles older than 20 years and commercial vehicles more than 15 will be eligible for exchange, according to Budget 2021

The company is expected to gain market share led by higher tonnage trucks

The policy is expected to encourage customers to go in for new purchases which will be backed-up by government incentives in lieu of their old vehicles

"Now, we are going to start the new scrapping policy, by which old cars, trucks and buses will be scrapped," the Minister of MSME and Road Transport and Highways said

Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles

A good scrappage policy could help improve efficiency of our transport fleet, reduce pollution and also help boost demand, said Vipin Sondhi

Toyota Kirloskar Motor (TKM) on Monday urged the government to come out with a scrappage policy for old vehicles ahead of the Budget, while also seeking to extend income tax benefits available for electric cars to other vehicles as well. "We would like the Budget to spur demand without putting any additional burden on the government exchequer; one way to achieve this is by realising the scrappage policy for all old vehicles, the draft policy of which has been shared by the government," TKM Senior Vice-President (Sales & Services) Naveen Soni said in a statement. The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added. Additionally, another thrust area would be to extend the income tax benefits available for electric cars to other vehicles as well, or to extend the depreciation benefit currently available only to companies and professionals to personal customers ...