If you are an automobile enthusiast and keep yourself updated with the happenings of the industry, then you must have surely heard about the new Vehicle Scrappage Policy. As the name suggests, it deals with dismantling the old vehicles properly. The policy is pending with our government for quite some time now. FADA (Federation of Automobile Dealers Associations) has been pressurizing and suggesting ways to implement this policy, which will make it easier and attractive for private owners to give their vehicles up for scrappage. FADA proposes to give incentives to private owners instead of forcing them to give up their vehicles. This will lead to quick mass-adoption of the policy, once it is approved and implemented. Let us look in detail, what this policy and scrappage process entails and how does it affect us.
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Vehicle Scrappage Policy – Rules
Currently, any petrol vehicle older than 15…