The Pune facility's inauguration comes amid a growing focus on organised scrapping solutions in India
Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets scrapped, it can support vehicle sales to some extent by spurring replacement demand, it said. The Voluntary Vehicle Fleet Modernisation Programme or the Scrappage Policy, announced in March 2021, is being implemented in phases, with effect from April 1 last year. While the first phase of the policy proposed to mandatorily scrap government vehicles older than 15 years, the second phase, which started on June 1 this year, mandates scrapping on the basis of fitness of the vehicle rather than age, and as such, is more voluntary in nature. ICRA also projects an additional around 5.7 lakh vehicles to cross the 15-year age threshold by March 2027, along with ..
This comes at a time when truck rentals, a key barometer of goods movement, remained firm in September as pre-festive stocking continued across India
The petition argued that the scrapping regulations are being imposed without assessing the vehicles' actual emissions or mechanical condition, leading to unnecessary difficulties for their owners
This new facility follows the success of the company's four existing RVSFs located in Jaipur, Bhubaneswar, Surat, and Chandigarh
Gujarat-based AMNS India is planning to set up three scrap processing centres at a capital infusion of around Rs 100 crore. The company plans to set up two centres at Hazira and Ahmedabad in Gujarat, and one in Khopoli, Maharashtra, a company official said on Thursday. ArcelorMittal Nippon Steel (AMNS) India is a 60:40 joint venture between Luxembourg-based global steel giant ArcelorMittal and Nippon Steel of Japan. When asked about the timeline, the official said as per the plan submitted to the board of AMNS India, all the three centres are to be set up by 2024. The company owns and operates a 9 million tonne (MT) plant at Hazira where it uses 3-5 per cent of scrap to manufacture steel. AMNS India aims to increase its scrap mix-up to 9-10 per cent with the set up of the centres. Earlier, Union Steel Minister Jyotiraditya Scindia said his ministry will push primary steel producers to use 50 per cent of their input from scrapped/recycled steel by 2047 to help achieve the governme
Automobile technology and automation firm Rosmerta Technologies plans to invest Rs 200 crore to set up ten vehicle scrappage units over the next three years, according to a top company executive. The company currently operates a single vehicle scrapping facility in Manesar (Haryana) with a capacity of processing 30,000 vehicles annually. After the capacity addition, the company will be able to process up to 3 lakh vehicles annually. In an interaction with PTI, Rosmerta Technologies President Kartick Nagpal said that with the setting up of the scrappage centres, the company will be able to contribute to the circular economy by helping recycle three lakh vehicles each year. "With this regard, we plan on investing Rs 200 crore across India to leverage this situation and contribute to the circular economy," he added. The central government believes that the output from scrapped vehicle materials would save about 33 per cent on raw material costs and will bring down reliance on importe
Union Road Transport and Highways Minister Nitin Gadkari on Thursday said dealers of automobiles should also open vehicle scrapping facilities. Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities. He also noted that India is encouraging use of alternate fuel and biofuel and pointed out that the government is working to make India the largest manufacturer of green hydrogen. The minister pointed out that India is the fastest growing major economy in the world and auto dealers will play an important role in making India a USD 5 trillion economy. India is the fourth largest manufacturer of passenger vehicles and the sixth largest manufacturer of commercial vehicles, he said. Gadkari said his dream is to make India the top automobile hub in the world.
Delhi Transport Minister Kailash Gahlot on Monday directed the department secretary-cum-commissioner to stop seizing parked vehicles that have completed their stipulated life on the road and scrapping those, officials said. According to court orders, petrol vehicles that have completed 15 years since registration cannot ply on Delhi roads. Diesel vehicles older than 10 years are also not allowed on the roads. Owners of such vehicles are fined if these are found plying on the roads. The minister said in a note that it is "unfortunate" that the transport department is continuing its drive to seize old vehicles, even if found parked on the road, and sending those for scrapping. He cited "serious concerns" raised by Delhi High Court in the matter while hearing petitions of people whose vehicles were seized by enforcement teams of the transport department. Gahlot cited an office memo issued by the department dated June 27, saying the drive was not approved by the government. "It must
A total of 11,025 vehicles (7,750 private and 3,275 government vehicles) have been scrapped till March 31 this year by the registered vehicle scrapping facilities, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari further said 24 states/UTs have reported 2,56,935 government-owned vehicles older than 15 years. The central government has provided incentives to state governments for implementation of the Vehicle Scrapping Policy, he added. "The scheme for special assistance to states for capital investment has been extended for the financial year 2023-24 by the government and the incentive amount to the states has been increased to Rs 3,000 crore, to incentivise scrapping of state government vehicles, which are older than 15 years, waiver of liabilities on old vehicles, providing tax concessions to individuals for scrapping of old vehicles and setting up of automated vehicle testing facilities," he ...
The Delhi government on Wednesday kicked off a drive to send overage vehicles directly for scrapping. The move is aimed at encouraging vehicles owner in Delhi to come forward and scrap their overage vehicles, said Transport Department officials. "Under the new initiative, end of life vehicles will be impounded and directly sent to scrapping yard if they are found plying on city roads or parked in public places," said an official. On Wednesday, 10 teams of Enforcement Wing, Transport Department, impounded 50 vehicles which are more than 10 years old (diesel) and 15 years old (petrol) found plying or deemed to be plying (parked in public place) in Civil Lines area and handed over to RVSF (Registered Vehicle Scrapping Facility), registered under RVSF Rules-2021, for scrapping, the official said. "NOC for diesel vehicles up to 10 years/ less than 15 years old petrol vehicles can be issued for any place in the country. NOC for diesel vehicles above 10 years and petrol vehicles above 15
"By 2025, the target is clear that we need to be in more than 100 cities," said Cero's director
Prime Minister Narendra Modi launched the National Vehicle Scrappage Policy in 2021 and had said it will help phase out unfit and polluting vehicles and also promote a circular economy
The Ministry of Road Transport and Highways (MoRTH) on Wednesday said 11 states/UTs have been onboarded onto the National Single Window System (NSWS) for Voluntary Vehicle-Fleet Modernization Program (V-VMP) to attract private investment in the vehicle scrapping ecosystem. The ministry, in a statement, further said as on November 14, 2022, applications of 117 investors who have shown interest for Registered Vehicle Scrapping Facilities (RVSF) are under process, out of which 36 applications have been approved by the respective state governments. Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh have been onboarded to NSWS for V-VMP, the statement added. The vehicle scrappage policy (V-VMP) has come into effect from April 1, 2022. Announced in the Union Budget 2021-22, the policy provides for fitness tests after 20 years for personal vehicles, while commercial vehicles will require it after the completion of
Honda Cars India on Monday said it has tied up with Maruti Suzuki Toyotsu for vehicle scrapping. The initiative will allow Honda to offer its customers an end-to-end solution for scrapping their End of Life Vehicles (ELVs). With this tie-up, the Japanese automaker strives to assist its customers to get the best value for their ELVs and facilitate hassle-free deregistration and issue of Certificate of Deposit/ Destruction through its dealer partners, Honda Cars India Ltd (HCIL) said in a statement. Maruti Suzuki Toyotsu India (MSTI) is a government-approved ELV scrapping and recycling company, which is setting up scrap and recycling centres in the country. The service alliance will begin in Delhi NCR, Haryana and Uttar Pradesh. The coverage area will expand with the addition of new scrappage centres by MSTI in future. "The Vehicle Scrappage Policy by Government of India stipulates scrappage and deregistration of old vehicles to promote phasing out of unfit vehicles from the roads,
Nitin Gadkari says people opting for scrapping should get a discount on new vehicles
According to a MoRTH estimate, 25 state transport undertakings own 32,062 buses that are over 10 years old
According to the statement, Gadkari said that the biggest benefit from this policy will be that copper, steel, aluminum, rubber and plastic will be easily available
Gadkari noted that the road transport and highways ministry has designed the vehicle scrapping policy in a way that allows all types and sizes of investors to come and establish scrapping centres