Vehicle Scrappage Policy Needs Incentive Boost

Vehicle Scrappage India

Masood Mallick, Group CEO and MD of Re Sustainability Limited, acknowledges that formal vehicle scrappage infrastructure is developing in India. However, he emphasizes that incentives for private vehicle owners need strengthening to accelerate the adoption of scrappage programs. Mallick highlights the benefits of scrapping end-of-life vehicles and views OEM entry into this sector as a positive development for creating a more sustainable automotive ecosystem.

Location: Raipur - C.G.

Category: Automotive

Tags: Automotive, Sustainability