Auto scrappage incentive scheme: stakeholders look at it with optimism and doubt
18 Mar 2021
1 min read
In the absence of any official data, the actual number
of vehicles eligible for scrapping is not clear. Also, there is no clarity on
whether the government will reimburse the discount of 4-6 percent on the
ex-showroom price of the vehicle against a scrappage certificate.
The long-delayed and much-awaited scrappage incentive
scheme announced by the government on March 18 has been received with a mix of
optimism and doubt by the automotive industry.
While industry bodies which have been lobbying for a
faster implementation of the scheme have welcomed the move, some automotive
companies and analysts aren’t enthused by what is on offer. The scrappage
scheme has been in the works for the past three years.