More sops to boost scrapping of old vehicles in works

India plans to extend more incentives for scrapping old vehicles due to poor response from owners. A review of the vehicle scrapping policy is underway to identify additional incentives. The unorganised sector offers better value, making it harder for registered scrapping facilities to compete. Options include raising rebates on registration charges and offering discounts on new vehicles.

from Auto-Industry-Economic Times https://ift.tt/DSKprx0