Government Policies on Vehicle Scrappage: How are they Influencing Industries in India?

Government Policies on Vehicle Scrappage: How are they Influencing Industries in India?

The government of India has proposed a policy regarding vehicle scrapping to manage the industry effectively. One of the steps is the Vehicle Scrappage Policy, which focuses on recycling aged and harmful vehicles by phasing them out. Through this policy, vehicle owners can get benefits while scrapping vehicles that are older than 15 to 20 years, based on the kind of vehicle it is. The policy also states that manufacturers must construct vehicles with recyclability features, which means that an acceptable percentage of materials used must be reclaimed. The RVSFs or Registered Vehicle Scrapping Facilities have come with an orderly system of doing scrapping, which complies with environmental policies as they follow eco-friendly procedures. Furthermore, the government provides tax credits as well as new vehicle sale discounts for owners who accept controlled scrapping. These policies aim towards improving air quality, endorsing responsible vehicle destruction, and fostering a circular economy. Sansadhan™ does a remarkable job of linking vehicles that are ready to be scrapped with authorized scrapping centers that will aid vehicle owners in utilizing government offers while disposing of vehicles in an environmentally safe way.