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Indian govt raises Rs 1.42 lakh cr via asset monetisation till FY25The government has garnered Rs 1,42,758 crore through asset monetisation up to FY25, with a projected Rs 30,000 crore for the current fisca...- Tax rebate for scrapping vehicles may be doubledThe Ministry of Road Transport and Highways proposes doubling the motor vehicle tax rebate for scrapping older vehicles. Buyers scrapping B...
- Govt proposes more sops for scrapping vehicles with BS-II, older emission standardThe Ministry of Road Transport and Highways (MoRTH) has proposed doubling the rebate on new vehicle purchases to 50% for those who scrap hi...
- Big changes ahead for Indian carmakers on recycling steelFrom April, automobile manufacturers must recycle at least 8% of steel used in vehicles sold in 2005-06. This increases to 18% by 2035-36. ...
- Road ministry to extend cashless treatment facility for road accident victims pan-IndiaThe government plans to extend cashless treatment for road accident victims across India after successful pilot projects. The driver traini...
- Delhi poised to establish first vehicle scrapping facility to combat pollutionDelhi is establishing its first registered vehicle scrapping facility to dismantle older vehicles responsibly, addressing pollution and env...
- 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...
- Scrap your old car, save big on your next buy: Major offers announced across IndiaIf you go to buy a new car for yourself after sent your old one to scrappage, you will get big concessions on the price you pay. A large nu...
- Automakers embrace sustainability: Shift towards recycled materials, biodegradable parts for new modelsCorporate-run scrap yards are coming up, creating a new industry of sorts of recyclable parts, while component manufacturers are replacing ...
- Tata Motors opens fifth registered vehicle scrapping facility"The launch of our fifth scrapping facility marks a significant step forward in making sustainable practices and responsible vehicle dispos...
- Length of national highways in India increased 60 pc in last 10 years: Road Transport and Highways secretary Anurag JainAddressing a press conference, Jain said the total length of four-lanes and above national highways (NHs) increased by 2.5 times to 46,179 ...
- Tata Motors launches registered vehicle scrapping facility in PunjabThe company said in a statement that the state-of-the-art facility uses environmentally-friendly processes and has the capacity to disassem...
- Vehicle scrapping facilities: How they could emerge as a critical component of India’s automotive industryThe government has so far approved 72 such registered vehicle scrapping facilities, or RVSFs, across 16 states and Union Territories. Of th...
- Need investment in auto scrapping centres : Nitin GadkariThe stakeholder consultation was aimed at seeking support from the automobile industry to expedite the implementation of vehicle scrapping ...
- Registered facility needs to verify vehicle records digitally for scrapping, says draft policyThe statement said MoRTH has issued the draft notification pertaining to the registration and functions of vehicle scrapping facility, unde...
- View: Voluntary vehicle fleet modernisation programme, a good start from scrapThe enforcement schedules provide sufficient time to put the desired ecosystem in place. The rules for fitness test and scrapping centres a...
- 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...
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