The scrappage policy will be one of the key factors to control pollution and create jobs, Union Minister Gadkari said
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
It was a busy weekend for the auto sector with the government notifying vehicle scrappage policy and Ola launching an e-scooter. Here's how you should trade auto stocks in this backdrop
Tata Motors, Mahindra and Mahindra (M&M) and Maruti Suzuki have partnerships for scrapping vehicles
The eco-system is critical for policy on scrapping
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
Prime Minister Modi launched vehicle scrappage policy and said that the policy is a significant milestone in India's development journey
Creating the capacity to scrap vehicles in the volumes required to make a significant dent in vehicular pollution will be a tough ask
A PIL in the Delhi High Court has challenged the AAP government's guidelines for scrapping motor vehicles claiming the requirements for a license under these norms would oust marginal scrap dealers
Mahindra MSTC is into acquiring used/end-of-life vehicles for dismantling and scrapping. The pact will enable M&M customers to get a hassle free and transparent deal under one roof
In case the vehicle is registered against submission of 'certificate of vehicle scrapping', the concession in motor vehicle tax will be upto 25 per cent in case of non-transport vehicles
The vehicle scrapping policy is unlikely to make people junk their old vehicles for new ones in a big way, owing to insufficient incentives offered by the government for replacement, a report said
Companies in talks on joint ventures and exploring tie-ups with suppliers
In an interview, Road Secretary Aramane speaks about the sops that the govt will provide and the relevance of synergy between the public and the private sectors to make vehicle scrapping policy work
Vehicle Scrappage policy will provide a fillip to automotive industry volumes and spur demand for new vehicles, rating agency ICRA said
The policy statement for the first time recognises that there is a need to ensure that vehicles are fit for continued use, says Bhargava
Actual number of vehicles available for scrapping 'a fourth of govt estimates'
The union government proposed to offer a road-tax rebate of up to 25 per cent for personal vehicles and up to 15 per cent for commercial vehicles