What does the scrappage policy mean for auto companies? Abhishek Gaoshinde explains

August 28, 2024

Abhishek Gaoshinde says India’s scrappage policy aims to transition from an unorganized to an organized system, providing incentives for replacing older vehicles with new ones to curb pollution and foster a recycled economy. The policy remains voluntary, with its success contingent upon the value perceived by vehicle owners opting for the scheme.

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