Scrapping policy should consider ownership trend
OEMs, dealers to aid the collection of old vehicles, recyclable spares through the take-back scheme, or by setting up scrapping centres or through tie-ups with such facilities
A well-implemented policy will not just help boost demand for motor vehicles, but will also help create jobs and alleviate the consumption and demand slowdown across demographics
The five-acre facility, set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year