‘Limited sops make scrappage policy for vehicles unattractive’
The Hindu
‘Potential benefit is far less than resale value for small cars’
Limited incentives and poor cost economics for trucks in the Vehicle Scrappage Policy, coupled with lack of addressable volumes for other segments is unlikely to drive freight transporters to replace their old vehicles with new ones, a report said on Wednesday. Though the scrappage volume of buses, PVs and two-wheelers is expected to be limited as well, the policy’s impact on new commercial vehicle (CV) sales could be sizeable, based on addressable volume, ratings agency Crisil Research said in its report. The policy proposes to de-register vehicles that fail fitness tests or are unable to renew registrations after 15-20 years of use.
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