If you are eager to know about what was going on the much-awaited Vehicle Scrapping Policy. Your answer is here!
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Union Minister, Nitin Gadkari said, the vehicle scrapping policy is in its final stages of approval and is likely to be rolled out in a months time or even earlier.
While speaking at the 60th annual session of the Automotive Component Manufacturers Association of India (Acma) he also added a few more points.
- The new scrapping policy is a very crucial component for the revival of the auto industry.
- We are clearing the policy with approvals from the highest authorities to benefit the revival and the future of the auto industry.
- Nitin Gadkari also reiterated the fact that India has the potential of becoming a “Global Automotive Hub” in the nearing future.
He added further, that the government will also be increasing import duties on designated imported products.
Read More: NGT pushes for urgent implementation of Vehicle Scrapping Policy in India
What is the Vehicle Scrapping Policy?
- To curb pollution and battle the slowdown in the automobile sector, the Government of India has proposed and funded a car scrapping policy.
- This policy aims at replacing old vehicles from Indian roads with new one’s.
- Once a vehicle’s registration certificate expires beyond its operational limit, a user can go to any government-authorised scrapping centre and surrender the vehicle.
Must Read: Vehicle Scrapping Policy Out For Public Feedback
What are the benefits of Vehicle Scrappage Policy in India?
A vehicle scrapping policy implementation in India will have many positive outcomes:
- First and foremost benefit is cleaner air. As inefficient vehicles will be taken off the roads, the air pollution levels will decrease.
- Vehicle scrapping will ensure removal of old vehicles and an increase in sales of new vehicles in India.
- With the increased sale of new vehicles with advanced safety features, travelling on Indian roads will become a lot safer.
- The government is also setting up authorised vehicle scrapping facilities, this will in-turn generate huge employment opportunities in India.
- Vehicle scrapping will be a major breakthrough for the raw and precious metal recycling industry in India.
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Thats a total bullshit middle clas cant afford a new vehicl now. My 20 years old sedan emmits less or negligible smoke compared to the tin can of today..
Hi Rahul,
Your 20-year-old sedan may surely be well maintained but the cars of today are more advanced and emit approximately 60% less harmful gases. Also, these ain’t tin cans, take it, easy mate!