21-09-2020
Vehicle Scrappage Policy

"Ministry of Road Transport and Highways (MoRTH) has formulated a note for Cabinet on creation of an ecosystem for voluntary and environment friendly phasing out of unfit and old polluting vehicles," Minister of State for Road Transport and Highways VK Singh told Rajya Sabha in reply to a query.

A cabinet note on the vehicle scrappage policy has been formulated by the Ministry of Road Transport and Highways.The proposed policy, once approved, will be applicable on all vehicles.The government on Sunday said a Cabinet note has been formulated for the vehicle scrapping policy.The proposed policy, once approved, will be applicable on all vehicles, the government had said earlier.

The policy was sent for a fresh round of consultation with stakeholders on the direction of the PMO.

Road Transport and Highways Minister Nitin Gadakri had earlier this year said once the policy is approved, India could emerge as a hub for automobile manufacturing as key raw material available from scrapping steel, aluminium and plastic are bound to be recycled bringing down automobile prices by "20-30 per cent".