Scrap­page Scheme Can Boost CV Sales by 65%: Crisil

The Economic Times - - Brands: Creating Desire -

The vol­un­tary ve­hi­cle mod­erni­sa­tion pro­gramme (V-VMP) or the scrap­page pro­gramme an­nounced by the trans­port min­istry can boost commercial ve­hi­cle (CV) sales by a cu­mu­la­tive 65% be­tween fis­cals 2018 and 2020, over (over sales in fis­cal 2016), says a re­port. In­cre­men­tal sales can reach 4.4 lakh units dur­ing this pe­riod, a re­port by Crisil said, adding fis­cal 2016 sales stood at 6.8 lakh units or worth ₹ 66,500 crore. If im­ple­mented, around 2 lakh CVs would get scrapped and re­placed in the nor­mal course through the three fis­cals, given the cur­rent junk­ing rate of around 67,000 units an­nu­ally.

MUM­BAI

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