Tata Motors, Ashok Leyland pitch for incentive-based scrappage policy

Tata Motors and Ashok Leyland have said a well-defined and financial incentives-based scrappage policy can help create demand in the commercial vehicles (CV) segment which has come to a grinding halt.

Tata Motors, which is the leader in the commercial vehicle segment, said the upcoming legislation should clearly define incentives as well as regulatory norms for disposing the old vehicles.

"A well-defined and effective scrappage policy is one of the key imperatives for driving demand of cleaner BS-VI vehicles and more appropriately so, in the current shrinking demand across end-use sectors," a Tata Motors spokesperson said.

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