ENA Sectors 2023-09-26 14:02:20 <p><span style="font-size:14px"><strong>New Delhi, Sept 26 (KNN)</strong> Union Road Transport and Highways Minister Nitin Gadkari on Monday called upon all stakeholders to rally behind the vehicle scrapping policy.</span></p> <p><span style="font-size:14px">Addressing a stakeholder consultation, Gadkari said it is a win-win situation for all.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The vehicle scrapping policy aims at phasing out vehicles which are more than 15-20 years old and encouraging the purchase of new ones.</span></p> <p><span style="font-size:14px">Gadkari highlighted that several measures have been initiated to stimulate robust vehicle demand, including the development of a top-tier highway network, the introduction of electric buses, and the compulsory implementation of automated vehicle fitness testing.</span></p> <p><span style="font-size:14px">He said the auto original equipment manufacturers (OEMs) should work towards ramping up their production capacity and support the country to become the largest auto industry in the world.</span></p> <p><span style="font-size:14px"> Auto industry is the biggest beneficiary of this policy, they must come forward and support three main pillars, he added.</span></p> <p><span style="font-size:14px">The minister said the industry should bring more investment in setting up automated testing stations and registered vehicle scrapping facilities, raise awareness amongst citizens about the policy benefits through their dealer network and offer a finalized discount percentage against certificates of deposit obtained by citizens on scrapping vehicles.</span></p> <p><span style="font-size:14px">Road, Transport and Highways Secretary Anurag Jain also urged the auto industry to set up scrap centres and automated testing stations across the country.</span></p> <p><span style="font-size:14px">At the meeting, emphasis was placed on the potential for the policy to increase automotive sales by approximately 8 percent and make a 0.5 percent contribution to the nation's GDP.</span></p> <p><span style="font-size:14px">Consequently, Auto OEMs are encouraged to offer full-fledged support for the policy. <em><strong>(KNN Bureau)</strong></em></span></p> 34923 https://knnindia.co.in/news/newsdetails/sectors/union-minister-gadkari-urges-auto-industry-to-support-vehicle-scrapping-policy 2023-09-26 14:02:20 knnindia.co.in