Quote From Renault India on Vehicle Scrappage Policy
“The move by the Hon’ble Prime Minister in launching the Vehicle Scrappage Policy is a welcome move, after the initial policy was formulated in March 2021 and shall support the auto industry of the new age ‘Bharat’. This scrappage policy will provide the much-needed impetus in countering the old methods of scrapping material, which were counterproductive.
The new policy was an imperative, long awaited and will support the automobile industry and the ancillary support industry creating a win-win for all. The framework will augur greater investments and significantly prune the raw material cost and will support refurbishment of sheet metal recycling. The scrappage policy is a panacea that will provide the right propulsion in form of generating employment in the auto ancillary/scrappage space and make the sector more organised.
The scrappage policy is in many ways a significant epoch in the developmental milestone of the Indian auto industry as it is a clarion call for start-ups promoting the ‘Aatmanirbhar Bharat’ vision of Hon’ble Prime Minister. The infrastructure that will be developed to support the policy will make India an auto hub in the near future with automated testing stations and registered vehicle scrapping facilities across the country.
With the COVID-19 pandemic slowly losing battle against the indomitable spirit of the people of India and resilience & optimism that prevails in the overall economic scenario, the scrappage policy will mandatorily encourage recyclability and production of newer vehicles to replace those that are unfit and causing pollution in a scientific and amicable manner.”
From Mr. Venkatram Mamillapalle, Country CEO & Managing Director, Renault India Operations