With the formal launch of the National Automobile Scrappage Policy in Gujarat’s Gandhinagar on 13 Aug’21, Prime Minister Narendra Modi described it as a key step towards ensuring self-sufficiency in domestic manufacturing. The policy also aims to improve fuel efficiency and reduce cost of components for the auto industry. The scheme also proposes several incentives that owners can avail of after producing a scrapping certificate including the scrap value for the old vehicle, which is expected to be around 5-6% of the price of a new vehicle. Additionally, experts are of the view that the scheme would greatly boost India’s domestic scrap generation.
Speakers: Mr Yogesh Bedi, Chief, Steel Recycling Business, Tata Steel
Date: 22 Oct’21 on 2:15 PM IST
Key points of discussion:
- Key updates on policy
- How will it boost India’s domestic scrap availability?
- Impact on demand of imported scrap in India