It has been a rocky ride along the ruts for the imminent Auto Scrappage Policy that has been in the making for the past few years. The shrinking of the last quarter GDP by 23.9 per cent and the burping of..sales in the automobile sector during COVID climes has prompted a quick rejig with the policy, with its clearly delineated nature and scope, now set to unveil by October or sooner, according to Nitin Gadkari, Union Minister of Micro Small and Medium Enterprises, and Road Transport and Highways.
The Auto Scrappage Policy is expected to oust polluting vehicles that are 15 years old from the roads – a move that would cover both private and commercial vehicles, including two wheelers and three wheelers. The policy is scheduled to emerge as a pivotal growth driver, while reducing import dependency by recycling scrap for metals like steel, copper and aluminium. A new market, with newer players, and even more new employment opportunities yet with truckloads of issues to deal with: Consumer incentives need to be shaped up as palatable for all players, including cost ec..
Shilpi Madan for Construction World
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