India's Vehicle Scrappage Policy targets around 1.1 million commercial vehicles over 15 years old, aiming to boost replacement demand and modernise fleets. Despite benefits like reduced air pollution and raw material costs, challenges include limited scrapping facilities and awareness. An additional 5.7 lakh vehicles may reach the 15-year age by 2027, enhancing potential replacement.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.