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Auto scrappage policy: Devil could be in the details - The Hindu BusinessLine


February 01, 2021
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When the green tax on ageing vehicles was proposed last week, it was assumed that it meant the end of the road for a vehicle scrappage policy.
For, scrappage would involve compensating the dealers for incentives doled out to customers on buying new vehicles and the government could not afford the fiscal burden in an already stretched year. A green tax on the other hand, would do the twin jobs of shoring up the exchequer’s revenues as well as encouraging owners to replace their old vehicles to avoid the tax.
Pent-up demand
Given this backdrop, the announcement on a scrappage policy for personal and commercial vehicles is good news for big listed auto makers such as Maruti, Mahindra & Mahindra, Tata Motors, Ashok Leyland, Eicher Motors, Hero, Bajaj and TVS. While sale of personal vehicles such as cars and two-wheelers have seen a rebound after the lockdown, uncertainties still remain on whether the offtake so far is just pent-up demand or ....

Tata Motors , Vehicle Fleet Modernisation Programme , Ashok Leyland , Eicher Motors , Indian Foundation For Transport Research , Indian Foundation , Transport Research , Voluntary Vehicle Fleet Modernisation Programme , டாடா மோட்டார்கள் , அசோக் லேலண்ட் , ேய்சேர் மோட்டார்கள் , இந்தியன் அடித்தளம் க்கு போக்குவரத்து ஆராய்ச்சி , இந்தியன் அடித்தளம் , போக்குவரத்து ஆராய்ச்சி ,