Encourage scrappage scheme: siam | autos | Hindustan Times
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Encourage scrappage scheme: siam

autos Updated: Aug 28, 2009 23:28 IST
HT Correspondent

Taking a cue from developed nations, the domestic automotive industry on Friday sought a scrappage scheme for phasing out over ten year old cars and commercial vehicles similar to the cash for clunkers schemes on offer in Europe and US.

The industry said that incentivising consumers to opt for newer technology cars in place of old vehicles would solve multifarious problems like pollution and safety standrads besides insuring a steady growth for the industry.

“A scrappage policy is something which we have been dicussing with the government for quite sometime,” Pawan Goenka, president automotive sector, Mahindra and Mahindra said.