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Owing to the severe impact on the overall sales of automobiles in India, following the spread of Covid-19 pandemic, the Indian automotive sector is pinning its hopes on the long-awaited Vehicle Scrappage Policy to spur the growth of the sector. While the policy is expected to be before the Union Cabinet for approval, industry experts believe that the benefits of the policy can only be achieved by incentivizing purchase of new vehicles in exchange for scrapping older ones. However, despit...
Incentive-based policy will only create demand in the short term: CAPT NS Mohan Ram
In our previous article, Vehicle recycling centres await clarity on scrappage policy, TURN OF SPEED provided an in-depth analysis of India’s existing vehicle recycling infrastructure and the need to implement the scrappage policy owing to the growing number of end-of-life (ELVs). In this interview, Captain NS Mohan Ram (Retd), former President, TVS Motor Company who authored Recycling End of Life Vehicles - With special focus on India and Developing Na...
