
The automobile industry is stumbling under tremendous sales down-fall seeks Government to set forth vehicle scrappage policy to boost the sector.

In a letter sent to the Prime Minister’s office, the industrialists stated: “The policy will not only help owners to get an incentive for old polluting vehicles with low value but will also boost the automobile sector which is facing a crisis due to the ongoing coronavirus pandemic.”

Upkar Singh Ahuja, President and Pankaj Ahuja, General Secretary of Chamber of Industrial and Commercial Undertaking (CICU) said: “The announcement of the policy is hanging fire for a long time and if introduced, it would bring some relief to the automobile sector which is reeling under slowdown.”
CICU organising secretary, JS Bhogal said, “The vehicle scrappage policy would reduce old polluting vehicles on roads. With the resale value of vehicles beyond 15 years being extremely low, these vehicles can be sent to scrap yards with some sort of monetary compensation to owners which could ensure two benefits - an incentive for owners to get rid of such vehicles and putting these polluting vehicles out to save the environment.”
Additionally reusing/recycling of aluminium scrap can be used for manufacturing new vehicles, which will help to pull down the prices.
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