Vehicle Scrapping: More sops to boost scrapping of old vehicles in works

Vehicle Scrapping: More sops to boost scrapping of old vehicles in works

India is looking at extending additional sops for scrapping old vehicles amid a lacklustre response from owners to the current set of incentives, according to officials aware of the move. The government has initiated a comprehensive inter-ministerial review of the registered vehicle scrapping facility (RVSF) policy to examine the issues and identify additional incentives. The … Read more

Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales

Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales

The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles. The shift in strategy follows tepid response to a voluntary vehicle modernisation programme started three years ago to remove more than 10 million polluting cars, buses and trucks off the roads.A senior … Read more