May 12, 2021

Scrappage coverage paves method for creation of recycling trade: Car producers



Main car producers mentioned the car scrappage coverage won’t solely assist get unsafe, polluting autos off the roads, but additionally pave the best way for the creation of a recycling trade, producing investments and jobs.

Maruti

chairman RC Bhargava mentioned the coverage is unlikely to assist improve car gross sales within the brief time period, because the implementation course of and the creation of requisite infrastructure will take time.

“Nothing can occur within the subsequent three years. Nonetheless, one of many outcomes of the coverage will likely be that it’s going to outcome within the creation of a recycling trade, which is able to generate investments and employment,” he informed ET.