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Why vehicle owners may have no truck with scrappage policy - The Hindu BusinessLine

Why vehicle owners may have no truck with scrappage policy
April 29, 2021
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For those with old trucks, the policy’s appeal is limited due to poor cost economics
Owners of old trucks might not find it financially viable to scrap their old vehicle and invest in a new one, as per the Centre’s vehicle scrappage proposition, said Satyakam Arya, Managing Director and CEO, Daimler India Commercial Vehicles.
“At the outset, most incentives being offered are recommendatory in nature. For example, the benefits offered include road tax rebate up to 15 per cent but it is important to note that most State governments who rely on taxes may not be in a position to offer such benefits. Furthermore, it is unlikely for the cost of raw materials to immediately reduce after the scrappage policy has been introduced, it will take time for that effect to be realised. However, it is a great start for the positive effects of circular economy to be realised over a period,” Ary ....

Satyakam Arya , Crisil Research , Crisil Research On , Managing Director , Daimler India Commercial , Poor Cost Economics , Managing Director And Ceo , Daimler India Commercial Vehicles , சத்யகம் ஆர்யா , மிருதுவான ஆராய்ச்சி , மிருதுவான ஆராய்ச்சி ஆன் , நிர்வகித்தல் இயக்குனர் , டைம்லர் இந்தியா வணிகரீதியானது , நிர்வகித்தல் இயக்குனர் மற்றும் சிஇஓ , டைம்லர் இந்தியா வணிகரீதியானது வாகனங்கள் ,

PLI to drive capex in industrial sectors by 40-45 % in FY22: CRISIL report

Capital expenditure in industrial sectors is expected to rise 45-55 per cent in financial year 2021-22 as the economy gains from a government s scheme to boost productivity, said a report by Crisil Research on Tuesday.
The India Outlook Report expects gross domestic product (GDP) growth to be at 11 per cent in fiscal 2022, after an estimated 8 per cent contraction this fiscal. The next fiscal, like the current, will have a low base “optical” growth in the first half and a rebound in the second.
The capex rise in pharmaceuticals, chemicals, textiles, cement, auto and ancillary, metals and oil and gas will come on the back of a 35 per cent contraction in capex in the current fiscal. It will be driven by core sectors and the government’s productivity linked incentive (PLI) scheme. Led by the oil and gas, that accounted for 30-32 per cent, close to 16000 manufacturing companies spent Rs3-3.5 trillion on capex annually over the past three years. ....

Hong Kong , Crisil Research On , Crisil Research , India Outlook Report , Pli Scheme , Crisil Report , India Gdp , Manufacturing Sector , Auto Components Industry , Aviation Scheme , Pharma Sector , Hospitality Industry , ஹாங் காங் , மிருதுவான ஆராய்ச்சி ஆன் , மிருதுவான ஆராய்ச்சி , இந்தியா ஔட்‌லுக் அறிக்கை , ப்லை திட்டம் , மிருதுவான அறிக்கை , இந்தியா ஜீடீபீ , உற்பத்தி துறை , ஆட்டோ கூறுகள் தொழில் , விமான போக்குவரத்து திட்டம் , பார்மா துறை , விருந்தோம்பல் தொழில் ,