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Automotive News | Latest Car & Auto Stories | Reuters

Auto dealers urge State governments to quickly implement scrappage policy

Auto dealers urge State governments to implement Scrappage Policy quickly to boost vehicle sales and reduce air pollution.
The Federation of Automobile Dealers Associations (FADA) has urged State governments to expedite the implementation of the vehicle scrappage policy, which was introduced by the central government in August 2021. The policy aims to phase out old, polluting vehicles and promote the purchase of new, eco-friendly vehicles. FADA highlighted that while the central government has set up scrapping infrastructure, the lack of action from State governments is causing delays. This delay is not only affecting the automotive industry but also hindering environmental benefits and economic growth. The policy includes incentives like tax rebates for new vehicle purchases and is expected to boost the economy by increasing demand for new vehicles, reducing pollution, and creating jobs in the scrapping and recycling sectors. FADA emphasized the need for States to provide necessary support and infrastructure to make the policy effective.

Read the Full Business Line Article at [ https://www.thehindubusinessline.com/news/auto-dealers-urge-state-governments-to-quickly-implement-scrappage-policy/article68917602.ece ]