infrastructure
car scrap yard.
Union Road Transport and Highways Minister Nitin Gadkari described it as a win-win situation for everyone and called on all stakeholders to come forward and support the vehicle scrapping policy.
The Ministry of Road Transport and Highways (MoRTH) has launched a voluntary fleet modernization program (vehicle scrapping policy) in 2021.
The policy aims to create an ecosystem to phase out old, unsafe and polluting vehicles and replace them with new, safer and more fuel-efficient vehicles.
Addressing a stakeholder consultation in New Delhi on Monday, he said auto original equipment manufacturers (OEMs) should work to expand production capacity and help the country become the world’s largest auto industry. said.
The minister said the ministry has undertaken multiple initiatives to build vehicle demand resilience, including building a world-class highway network, electrifying buses, and mandating automated fitness testing for vehicles.
Road and Highways Secretary Anurag Jain encouraged the automobile industry to set up scrapping centers and automatic inspection stations across the country.
It was emphasized that OEMs need to extend unrestricted support to the vehicle scrapping policy, as it is expected to increase vehicle sales by about 8% and contribute about 0.5% to the country’s GDP.
Representatives from all major auto OEMs (including Tata, Mahindra, Maruti, Kia and Hyundai), car dealers and used car aggregators (including Car Dekho and Cars 24) will be present at the event to facilitate the implementation of the policy We shared our views on the challenges and actions needed to achieve this goal. Vehicle scrappage policy.
Additional Secretary Mahmoud Ahmed welcomed the dignitaries and industry players and highlighted the main benefits of V-VMP. This was followed by a presentation by Director Paresh Goel on the status of V-VMP and the support required from the automotive industry.
SIAM also presented its views on incentives for the public through this policy, with good input provided by all other automotive industry stakeholders.