Experts views on Scrappage Policy by the Government of India

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As you must be aware, Prime Minister Narendra Modi launched the much-awaited vehicle scrappage policy in India. 

Welcoming Scrappage Policy by the Government Mr. Rajeev Radhakrishnan, Founder and CEO of MechaniK TV said “The scrappage policy is a breath of fresh air for the auto industry. Besides ensuring a cleaner environment and reducing dependence on import of raw materials, it will be a shot in the arm for electric vehicle penetration too. For the auto-aftermarket, it will have two more positives. While it will mitigate the challenges related to spare parts availability for older vehicles, as older vehicles get scrapped it will give independent mechanics the impetus to upgrade their skills and become organized.”

Mr. Radhakrishnan further added “MechaniK TV can help this cause by training independent workshops to become a part of this new economy and in rapidly training them on the latest automotive technologies.”

Welcoming Scrappage Policy by the Government Mr. Uday Narang, Chairman and Founder, Omega Seiki Mobility said “The vehicle Scrappage policy by the Central Government is a significant step towards Atmanirbhar Bharat and will put India on the Map. The incentives announced by the Government will not only help in removing unfit vehicles on the roads but also help in recycling, creating new job opportunities and above all it will prove to be a sustainable solution for the ongoing wrong practises of vehicle material scrappage.”

Mr. Narang further added “We at Omega Seiki believe in sustainable solutions. Vehicle scrappage was one of the biggest loopholes in the auto Industry, which is being catered by Modi Government. From buying a vehicle to its last stage of scrapping all the components (Life cycle of the vehicle) should be carried out in an organised manner. The scrappage policy is a perfect solution that will make the auto sector more organised.”