• Focus back on scrappage policy and opportunities

The acute contraction in automotive sales has put the spotlight back on vehicle scrappage policy and the opportunities it could present. Claimed an industry source that the policy would provide a breather in terms of encouraging people and businesses to purchase efficient and less emitting vehicles. It would also provide a new business opportunity for the country as a vehicle scrappage destination of the world, he said. Drawing attention to areas like Alang Port, which is a well-known ship scrappage centre, the source expressed that an organised vehicle scrappage segment would not only ensure safety of workers involved, it would also keep harmful chemicals and materials from polluting the soil and water. Claiming that the Mayapuri market in Delhi is estimated to have an annual turnover of Rs.6000 crore, the source expressed the need for an organised scrappage segment in view of the use of new hazardous materials in the manufacture of vehicle electronics, batteries, etc.