Low discount may not drive polluting old vehicles towards scrapping shops

The recent discount by automobile makers for vehicle scrapping may not be enough to lure customers.

 

Automobile sector experts argue that consumers may find more value in continuing to drive their existing vehicles or selling them to third parties. This would make scrapping a less appealing option.

 

Commercial and passenger vehicle manufacturers recently introduced discounts in the range of 1.5-3.5 per cent of the ex-showroom price. This is on buying a new vehicle if the customer scraps the older one.

 

Sector experts believe that increasing the incentives to around 10 per cent would drive more meaningful behavioural