This 'new policy' to change the fate of the country's auto industry

Work on war-footing continues on multi-purpose scrap policy

MAY 25 (WTN) - A new policy is coming soon in the country which will change the rules for the sale and purchase of old vehicles. For your information, let's know that the government is preparing to adopt a vehicle scrap policy for the disposal of old cars, buses, and trucks, etc. Actually, this plan of the government is expected to help the auto industry to get out of the crisis.

According to the information, work is on fast to finalize the vehicle scrap policy, and discussions with the concerned ministries have been completed to this extent. If everything goes according to the plan, the government will announce this policy soon.

This multi-purpose policy is being claimed that the interests of vehicle consumers and vehicle manufacturers have been taken into consideration. Under this policy, there is a provision in the old vehicles to be removed from operation after a certain time. According to the experts of this policy, consumers will be given some benefit in exchange for selling old vehicles within a fixed time frame. It is expected that doing so will create demand for new vehicles in the market, and the auto industry facing recession will get support and strength.

For your information, let's know that under the Vehicle Scrap Policy, the proposed plants for the disposal of old vehicles will be set up near ports and highways. Because doing so will help reduce vehicle manufacturing costs. At the same time, the resources generated from the settlement will be easily moved from one place to another.

According to auto industry experts, if it is done in a planned manner, India will have a prominent place in the world's auto industry during the next five years. The scrap policy is designed in such a way that it will benefit the automobile industry. Sale of old vehicles after the scheduled time will make their prices competitive. Let's know that at present, there is no policy to remove old vehicles from the operation in the country. In such a situation, scrap policy has been demanded for a long time.

As per the provisions of the scrap policy, petrol powered vehicles will be allowed to operate for only 15 years and diesel powered vehicles for only 10 years. Vehicles will not be allowed to operate after this time. At the same time, in the other parts of the country, these vehicles can be used again with the permission after the due period ends.

It can be said that the new scrap policy will give a lot of support to the country's auto mobile industry. The Indian auto industry was first and foremost affected by the global economic slowdown caused by the US-China trade war. In such a situation, the new scrap policy will remove old vehicles from operating after the deadline and will increase the sales of vehicles.