According to the statement, Gadkari said that the biggest benefit from this policy will be that copper, steel, aluminum, rubber and plastic will be easily available
Gadkari noted that the road transport and highways ministry has designed the vehicle scrapping policy in a way that allows all types and sizes of investors to come and establish scrapping centres
Analysis shows that four states/Union Territories account for 57 per cent of the older vehicles in the country
The scrappage centres will be equipped with recycling end-of-life 2/3-wheelers, passenger and commercial vehicles in accordance with all legal and environmental norms
The 10,993 sq m facility has a capacity to scrap and recycle over 24,000 ELVs annually
Tata Motors is looking to establish vehicle scrappage centres under a franchise set up with the first one expected to become operational in the first quarter of the next fiscal
Starting from April next year, vehicle owners will have to shell out Rs 5,000 for renewal of registration of the cars older than 15 years, which is eight times more than what they currently pay. The road transport and highways ministry has issued a notification for the renewal of the certificate of registration of old vehicles and this new rule is part of the government's overall plan to roll out the National Automobile Scrappage Policy. According to the notification, renewal of certificate of fitness for a bus or truck older than 15 years will cost nearly eight times higher charges than owners of the commercial vehicles currently pay. While charges of registration renewal of a 15-year-old car would be Rs 5,000 compared to the current fee of Rs 600, the charges of registration renewal of old bikes would be Rs 1,000 compared to the current fee of Rs 300. Similarly, a fitness renewal certificate for a 15 year-plus bus or truck would cost Rs 12,500 from the current fee of Rs 1,500; wh
An ATS may be owned or operated by a person including any individual, or company, or association, or body of individuals, or a special purpose vehicle, or state govt
The policy is expected to attract investments worth Rs 10,000 crore to set up 450-500 automated testing stations (ATS) and 60-70 registered vehicle scrapping facilities (RVSF) across the country
Tata Motors, Mahindra and Mahindra (M&M) and Maruti Suzuki have partnerships for scrapping vehicles
The eco-system is critical for policy on scrapping
The National Automobile Scrappage Policy unveiled on Friday will benefit all stakeholders as it will boost manufacturing, create jobs, Union Road Transport and Highways Minister Nitin Gadkari said
Homegrown auto major Tata Motors on Friday said it has joined hands with Gujarat government to support setting up of a vehicle scrapping facility in Ahmedabad
Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, saying it will help phase out unfit and polluting vehicles and also promote a circular economy. The policy will give a new identity to India's mobility and auto sector, Modi said in a video address to the Investor Summit held to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Programme. We are promoting a circular economy. The aim is to develop a sustainable and environment-friendly economy, he said. A circular economy is one where products are designed for durability, reuse and recyclability. The policy will give a new identity to India in the mobility and auto sector, Modi said. "This policy will play a major role in removing unfit vehicles from our roads in a scientific manner. It will modernise the vehicular population on our city roads, he said. The prime minister said that India should work for clean, congestion free and .
Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, adding it will help phase out unfit and polluting vehicles
Creating the capacity to scrap vehicles in the volumes required to make a significant dent in vehicular pollution will be a tough ask
A PIL in the Delhi High Court has challenged the AAP government's guidelines for scrapping motor vehicles claiming the requirements for a license under these norms would oust marginal scrap dealers
Automaker Renault India on Thursday said it has launched a vehicle scrapping programme in partnership with the country's first organised scrap vehicle recycling company CERO
In a Q&A, the Union minister of road transport and highways says scrapping centres will become an entire industry on their own, subject to state and central rules
The vehicle scrapping policy is unlikely to make people junk their old vehicles for new ones in a big way, owing to insufficient incentives offered by the government for replacement, a report said