India’s Abhishek Group & Japan's Kaiho Sangyo joint venture Abhishek K Kaiho has commenced operations at their first Registered Vehicle Scrapping Facility at Fatehpur village in Nuh district in Haryana. India’s Road transport and highways minister Mr Nitin Gadkari inaugurated the facility. The automobile scrapping facility has the capacity to process up to 1,800 vehicles a month and uses the latest technologies to salvage and re-use components from scrapped vehicles.As per the Indian Government's new scrappage policy, all vehicles at the end of their registration period are required to undergo fitness testing. Only post this can the vehicle be eligible for re-registration. Post-re-registration the vehicle has to be fitness tested every five years. Currently, commercial vehicles require mandatory testing after 10 years while passenger cars have a shelf life of 15 years. The government also provides incentives to owners voluntarily scrapping their vehicle including scrap value of between 4-6% of the car's ex-showroom price and registration fee waiver on a new car.Abhishek Group has been in the automotive sector for several decades manufacturing vehicle safety equipment such as seatbelts, parking sensors and sensors along with several automotive accessories, electronics and more.Kaiho Sangyo Co Ltd is a Japanese automobile recycling company based in Kanazawa city in Ishikawa Prefecture of Japan. In 1969 Mr Norihiko Kondo founded Kondo Automobile Company Inc. His company originally specialized in dismantling automobiles and selling scrap steel, aluminium and copper. In 1992, Kondo renamed his company Kaiho Sangyo and shifted his business from a simple car-scrapping company to a recycling reseller of used automobile parts in foreign countries.