Vehicle scrapping facilities: How they could emerge as a critical component of India’s automotive industry

The government has so far approved 72 such registered vehicle scrapping facilities, or RVSFs, across 16 states and Union Territories. Of these, 34 are in Uttar Pradesh alone, six in Haryana and five each in Gujarat, Bihar and Madhya Pradesh. Only 38 of the facilities are currently operational though. Maruti Suzuki, Tata Motors and Mahindra and Mahindra, the country’s top three passenger vehicle OEMs (original equipment manufacturers) contributing about 65% of domestic sales annually, have set up scrapping facilities at multiple locations.

from Auto-Industry-Economic Times https://ift.tt/nVpbUMY