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AUTOMOBILE SECTOR SCRAP
The new man of steel! India seen filling the void China may leaveIndia Steel Industry Growth 2026: Global steel demand is shifting from China to India and Southeast Asia. India's steel consumption is low,...- Automakers' joy ride hits a big cost hurdleRising input costs and freight charges, driven by the West Asia crisis, are pressuring automakers to increase vehicle prices. This surge in...
- 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...
- Govt to earn Rs 40,000 cr in GST if all 97 lakh polluting vehicles are scrapped: GadkariNitin Gadkari highlighted the potential for significant GST revenue, estimating Rs 40,000 crore, through the scrapping of 97 lakh unfit veh...
- 'Phasing out old vehicles could fetch Rs 40,000 cr in GST': Nitin GadkariNitin Gadkari highlighted the potential for ₹40,000 crore in GST revenue through the scrapping of 9.7 million unfit vehicles, potentially c...
- Gadkari pitches for additional discount to vehicle buyers submitting scrappage certificateUnion Minister Nitin Gadkari on Thursday urged automakers to give bigger discounts to buyers submitting scrappage certificates, calling the...
- Steel Ministry ramps up efforts to boost domestic scrap supply amid global export curbsIndia’s steel ministry is coordinating with other ministries to boost domestic steel scrap supply amid potential EU and US export restricti...
- Govt working to make India a global automobile manufacturing hub: Union Minister Nitin Gadkari"The auto sector gives direct and indirect employment to around 4 crore people and this number is expected to grow to 5 crore by 2025. I am...
- 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...
- For a more holistic scrappage policyA vehicle scrappage policy that looks only at the automobile sector for its impact is not particularly useful.
- Vehicle scrapping guidelines of AAP govt challenged in Delhi high courtThe petition, filed through advocates Sahil Bhalaik, Tushar Giri and Sewa Singh, has claimed that the scrap industry created plenty of job ...
- Junk your old car and get about 5% rebate from automakers on new purchase, says GadkariThe voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 provides for fitness test after 20 years for personal vehi...
- Benefits on buying new vehicles on scrapping of old; taxes, levies for polluting cars: Nitin GadkariThe voluntary vehicle scrapping policy announced in the Union Budget for 2021-22 is touted as a major step to boost the Indian automobile s...
- 'Vehicle scrappage policy to help generate demand for new vehicles amid coronavirus pandemic'A vehicle scrappage policy is in the works for some time now. The policy aims to put a cap on the life of vehicles in terms of years run. L...
- Tax incentives likely for discarding vehicles older than 15 yearsThe government is examining a slew of measures to disincentivise use of older vehicles and encourage purchase of new ones.
- Auto slowdown could hit demand for recycled aluminium productsWhile usage of primary aluminium grew at a compounded annual rate of 3.5-4% that of recycled aluminium grew at a strong 17-18%, the report ...
- Policy to scrap 15 yrs old vehicles almost finalised: Nitin GadkariGadkari has said that once the proposal is accepted it is bound to result in Rs 10,000 crore boost in tax revenue as the automobile sector ...
- Government should incentivise people to give up old polluting vehicles: Pawan Goenka, Mahindra & MahindraGoenka said that SIAM has been suggesting a scrapping policy for a long time because older vehicles are more polluting and less fuel effici...
- MSTC wants to set up vehicle shredding plantIndia is dependent on other countries and imports about 9 million tonnes a year of vehicle scrap for recycling into high-value autograde pr...
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