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AUTO SCRAPPAGE POLICY
ELV rules make auto sector non-compliant; FY26 scrap target missed by 70%Industry executives blame an 'unrealistic policy' after a rule change disallowed using other steel scrap for compliance. This makes meeting...- State incentives power India’s EV market growthAs environmental consciousness rises, Indian consumers are increasingly opting for electric vehicles. Favorable state policies are making E...
- India's EV transition needs a China-style ecosystem push; scale, policy, charging infra boost: NomuraIndia's transition to electric vehicles (EVs) will depend critically on how quickly it can build out a robust charging ecosystem, with infr...
- About 1.1 mn old medium & heavy CVs offer significant potential for scrappage: ICRAIndia's Vehicle Scrappage Policy targets around 1.1 million commercial vehicles over 15 years old, aiming to boost replacement demand and m...
- What does the scrappage policy mean for auto companies? Abhishek Gaoshinde explainsAbhishek Gaoshinde says India's scrappage policy aims to transition from an unorganized to an organized system, providing incentives for re...
- Govt plans to provide more tax concessions on vehicles bought after scrapping old ones: Nitin GadkariThe road transport and highways minister said he is also requesting the GST Council to explore what more incentives can be provided under t...
- Auto scrappage policy to accelerate economic growth, boost job creation: Gadkari"The launch of the National Scrappage Policy by the prime minister was a 'historic decision'... It will accelerate economic growth and boos...
- India's vehicle scrappage policy provides opportunities for new business models: ExpertsWith the COVID-19 pandemic making the industry realise the vulnerability associated with the current value chain structure at both the cons...
- Renault, Kia hail vehicle scrappage policy, term it game changer for auto industry"The new policy was an imperative, long-awaited and will support the automobile industry and the ancillary support industry creating a win-...
- Vehicle scrappage policy will promote circular economy: PM ModiThe policy will play a key role in 'Waste to Wealth' programme, PM Modi said, adding it will also help in reducing pollution in our cities....
- Auto scrappage policy will boost vehicle sales, create jobs: Nitin GadkariCheap raw material acquired from scrapped vehicles would bring down the price of vehicles and boost their sales, thereby raising GST collec...
- View: It makes sense to export, not scrap old carsities must definitely ban vehicles that cannot pass emission tests, and this has nothing to do with age: many vehicles are serious polluter...
- Scrappage policy: Leyland, TaMo, M&M, Cummins lead auto gains“Ashok Leyland will be the biggest beneficiary, followed by M&M and Tata Motors,” said Aditya Jhawar, analyst at Investec.
- Mercedes, Skoda say custom duty hike on certain parts to lead to increase in vehicle pricesIn the Budget 2021-22, Finance Minister Nirmala Sitharaman proposed increase in customs duty of various parts, including ignition wiring se...
- Commercial vehicle makers gain as govt announces details of scrappage policiesAnalysts were expecting the government to announce details regarding setting up of vehicle scrappage infrastructure which will be conducive...
- Want to invest in auto sector? Consider Eicher, Tata Motors, CeatThere are enough catalysts for auto companies to shine and we like Eicher, Tata Motors, Ceat from an investment perspective, says Hemang Ja...
- Auto stocks gain on hopes govt will unveil scrappage policy soon“We are glad that the narrative around GST reduction and the scrappage policy are being worked out, as festive season is a big time to get ...
- Auto sector needs sops to reverse structured degrowth: SIAM presidentRajan Wadhera, President, SIAM points out that in the past also, the government has extended support in 2009 and 2014 at times of degrowth....
- How to make the auto scrappage policy workFirst off, there must be a cut-off age for vehicles after which they should be scrapped. A kilometre-based criterion will not work in India...
- Important that new scrappage policy is implemented: Arvind Kapur, MD, Rico AutoIn an exclusive chat with ET Now, Rico Auto MD Arvind Kapur said he expects to see increase in demand once scrappage policy is in place.
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