Vehicles Older Than 15 Years Will Be Scrapped As Per Law – SOON
Union Minister for Road Transport & Highways, Nitin Gadkari while speaking at the recent ‘Atmanirbhar Bharat Innovation Challenge 2020-21’ event. It is to update that it is at Prime Minister’s Office
will provide the final approval for the scrappage policy.
“We have submitted the proposal and I am expecting that we will get approval as early as possible for the scrapping policy,” Gadkari said. Vehicle scrappage is simply getting rid of old cars which are the polluting vehicles from the road. Vehicle scrappage policy is mandated by a government to accelerate the replacement of old, polluting vehicles by new vehicles.
If this policy gets a green signal, over 28 million end-of-life vehicles or ELVs (older than March 31, 2005) across categories were ready to be discarded by April 2020, as per the government estimates.
Obviously, it would translate to a massive opportunity for players in the organized scrappage and recycling industry…..Read More>>