Categories: Auto

Scrappage Policy In Final Stage, To Get Cabinet Approval Soon: Nitin Gadkari

Minister of Road Transport and Highways, Nitin Gadkari has said that the scrappage policy is currently in its last stage and the cabinet it likely to approve it in the next 15 to 30 days. | Updated: 43 minutes ago View Photos Minister of Road Transport and Highways, Nitin Gadkari speaking at the FADA's 11th Auto Summit 2020 The long-anticipated scrappage policy is set to get the cabinet's approval as soon as March 2020. Speaking at the Federation of Automobile Dealers Association's (FADA) 11th Auto Summit 2020, Union Minister of Road Transport and Highways, Nitin Gadkari announced, "Our scrappage policy is in its final stage right now and we are awaiting the cabinet's approval." Sharing the timeline Gadkari added, "The cabinet is likely to approve the policy in next 15 days to a month." This comes as a piece of big news for the automotive industry, which has been waiting for a proper scrappage policy for almost three years now. Now, the government has been mulling over the plan to not allow re-registration old vehicles that are more than 15-years old, which means they cannot ply on the roads. But that also raised the question as to what will happen to these old vehicles? And a proper and effective scrappage policy was the answer to that. The Society of India Automobile Manufacturers (SIAM) had asked the government to come up with an incentive-based scrappage policy. SIAM said that a proper scrappage policy will ensure the withdrawal of old and polluting…


Minister of Road Transport and Highways, Nitin Gadkari has said that the scrappage policy is currently in its last stage and the cabinet it likely to approve it in the next 15 to 30 days.




View Photos

Minister of Road Transport and Highways, Nitin Gadkari speaking at the FADA’s 11th Auto Summit 2020

The long-anticipated scrappage policy is set to get the cabinet’s approval as soon as March 2020. Speaking at the Federation of Automobile Dealers Association’s (FADA) 11th Auto Summit 2020, Union Minister of Road Transport and Highways, Nitin Gadkari announced, “Our scrappage policy is in its final stage right now and we are awaiting the cabinet’s approval.” Sharing the timeline Gadkari added, “The cabinet is likely to approve the policy in next 15 days to a month.” This comes as a piece of big news for the automotive industry, which has been waiting for a proper scrappage policy for almost three years now.

Now, the government has been mulling over the plan to not allow re-registration old vehicles that are more than 15-years old, which means they cannot ply on the roads. But that also raised the question as to what will happen to these old vehicles? And a proper and effective scrappage policy was the answer to that. The Society of India Automobile Manufacturers (SIAM) had asked the government to come up with an incentive-based scrappage policy. SIAM said that a proper scrappage policy will ensure the withdrawal of old and polluting vehicles from the road along with giving a flip to the sales of new vehicles which are comparatively eco-friendly and safer.

SIAM says a proper scrappage policy will ensure the withdrawal of old and polluting vehicles from the road and promote sale of new vehicles

Satyakam Arya, MD and CEO of Daimler India Commercial Vehicles had earlier mentioned that scrappage policy plays an important role in not just pollution control by automobiles, but also help the industry in this economic slowdown.

In his speech, Gadkari also talked about the idea of using the upcoming scrapping facility for not just Indian vehicles, but also old scrapped vehicles from other countries. The Union Minister said that the Kandla port in the Kutch District of Gujarat, where they have built an 80-metre draft, could be used for this purpose. This would help both the automotive and other industries in India to recover important metals and reduce manufacturing and import cost.

0 Comments

A lot of Indian OEMs has come forward with the plan to set up scrappage facilities in the country. Home-grown utility vehicle and electric vehicle manufacturer Mahindra has already set up one such centre in India, while Toyota-Suzuki has announced their intent to open a similar facility in Gujarat soon.

For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our YouTube channel.

Published by
Ananthamurthy

Recent Posts

  • Entertainment

Love Aaj Kal reviewed by Twitter using hilarious memes and jokes: ‘Tum mujhe tang karne lage ho’ – bollywood

Imtiaz Ali is back with the reboot of his 2009 film Love Aaj Kal, which released amid largely negative reviews…

2 mins ago
  • World

Trump to woo Indian executives during New Delhi visit – business news

U.S. President Donald Trump will meet executives of large Indian companies with interests in the United States as he looks…

15 mins ago
  • Business

3 Steps to a Socially Conscious Portfolio

Once you decide on your approach, you have another choice: active management, where fund managers handpick the contents of a…

17 mins ago
  • Auto

Maserati Announces Plans To Develop Its Electric Range

Maserati has decided to build the GranTurismo and GranCabrio at the Mirafiori production hub, with an investment of 800 million…

28 mins ago
  • Movie Reviews

On Valentine’s Day, Sonam Kapoor Wishes Husband Anand Ahuja With A ‘Cheesy’ Throwback Pic

Sonam Kapoor shared this photo. (Image courtesy: sonamkapoor)HighlightsSonam Kapoor shared a post on Friday "I've never been happier my love," she…

38 mins ago
  • Health

Jaynagarer Moya: A Delicate Popped Rice Sweet Treat From Bengal You Must Try

No GI Tag (that assigns a product to a particular region - say Darjeeling tea) created more buzz in recent…

45 mins ago