Vehicle Scrappage Policy: All You Need To Know
The vehicle scrappage policy will help phase out unfit and polluting vehicles. Commercial vehicles more than 15 years old will have to be scrapped if they don't clear fitness and emission tests. Similarly, private vehicles more than 20 years old will have to be scrapped if they don't clear fitness and emission tests. Apart from a turnover boost for Indian automotive industry, the policy is also aimed at promotion of new technologies and a reduction in India's huge crude oil import bill. However, some challenges remain, like adequate testing and scrapping centres, apart from the need for simpler vehicle deregistration process. We decode the significance of the vehicle scrappage policy, its objectives and the projected gains.
