Scrappage scheme would give demand a boost: Ashok Leyland MD & CEO

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

An incentive-based scrappage scheme for commercial vehicles older than 15 years, coupled with a rebate in goods and services tax (GST), road tax or registration charges, could help give a boost to demand, says Vipin Sondhi, managing director & chief executive, Ashok Leyland Limited.

The commercial vehicle sector, which was already struggling before the coronavirus outbreak, had now come to a grinding halt, he said. Commercial vehicles are a lifeline for any country’s economy, as they carry goods and are an integral part of public transport, he added. "It is imperative that the demand for commercial vehicles be triggered. An