About 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRA

About 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRA

Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets … Read more