India’s Road Transport & Highways Minister Mr Nitin Gadkari last week said that the Indian government has set a target to facilitate the setting up of 50-70 Registered Vehicle Scrapping Facilities across the country over the next five years with comprehensive infrastructure to increase the value from vehicle scrapping from 70% at present to 90%. He said that “The government has announced a citizen-centric vehicle scrapping policy under which voluntary scrapping is being targeted, based strictly on fitness, irrespective of the age of the vehicle. If a vehicle fails an automated fitness test, it will be permitted a re-test after the necessary repairs, and a re-inspection, if ordered by the Appellate Authority. After this, it will be declared an End-of-Life Vehicle.”Mr Gadkari said that the Vehicle Scrapping Policy will reduce pollution, improve tax revenues, grow the automobile sector, boost exports and create jobs. It is a win-win situation, in which investment on a high scale can come in.In recent months, companies floated by domestic automobile majors like Mahindra Cero, Tata Motors and Maruti Suzuki Toyotsu have inked agreements with various state governments to set up vehicle scrapping units.Mahindra Cero – 40,000 vehicles per annum (Maharashtra)Tata Motors - 35,000 vehicles per annum (Maharashtra)Maruti Suzuki Toyotsu – 24,000 vehicles per annum (Uttar Pradesh)
India’s Road Transport & Highways Minister Mr Nitin Gadkari last week said that the Indian government has set a target to facilitate the setting up of 50-70 Registered Vehicle Scrapping Facilities across the country over the next five years with comprehensive infrastructure to increase the value from vehicle scrapping from 70% at present to 90%. He said that “The government has announced a citizen-centric vehicle scrapping policy under which voluntary scrapping is being targeted, based strictly on fitness, irrespective of the age of the vehicle. If a vehicle fails an automated fitness test, it will be permitted a re-test after the necessary repairs, and a re-inspection, if ordered by the Appellate Authority. After this, it will be declared an End-of-Life Vehicle.”Mr Gadkari said that the Vehicle Scrapping Policy will reduce pollution, improve tax revenues, grow the automobile sector, boost exports and create jobs. It is a win-win situation, in which investment on a high scale can come in.In recent months, companies floated by domestic automobile majors like Mahindra Cero, Tata Motors and Maruti Suzuki Toyotsu have inked agreements with various state governments to set up vehicle scrapping units.Mahindra Cero – 40,000 vehicles per annum (Maharashtra)Tata Motors - 35,000 vehicles per annum (Maharashtra)Maruti Suzuki Toyotsu – 24,000 vehicles per annum (Uttar Pradesh)
