VEHICLE SCRAPPING POLICY 2021 - EXPLAINED
Vehicle scrappage programs have been around since the global recession that began in the year 2008. Governments in association with vehicle manufacturers from across the globe have been implementing car scrapping policy to ensure an increase in sales of new vehicles as well as the removal of inefficient vehicles from the roads. India in this view is working on a vehicle scrapping draft policy for the past 4 years. Given the drastic downfall in the automobile sector, this year along with rising emission levels from old near-scrap vehicles has called for immediate implementation of the scrappage policy at the latest. WHAT IS VEHICLE SCRAPPING POLICY?? To curb pollution and battle the slowdown in the automobile sector, the Government of India has proposed and funded a car scrapping policy. This policy aims at replacing old vehicles from Indian roads. Once a vehicle's registration certificate expires beyond its operational limit, a user can go to any government-authorised ...