PM Modi launches Vehicle Scrappage Policy; move to benefit auto sector
New Delhi: Prime Minister Narendra Modi launched a Vehicle Scrappage Policy. The Policy was first presented in the Union Budget 2021 by Finance Minister Nirmala Sitharaman. Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari revealed the details of the Policy at a Lok Sabha Session and notified the new Vehicle Scrappage Policy. While the new Scrappage Policy is voluntary, it would require mandatory fitness tests for vehicles after a certain duration.
