India announces scrapping of personal vehicles beyond 20 years ...United Arab Emirates

A voluntary vehicle scrapping policy to phase out old and unfit vehicles has been announced in India’s Union Budget on Monday. Finance Minister Nirmala Sitharaman announced that vehicles will undergo fitness test in automated fitness centres after 20 years (personal vehicles) and 15 years (commercial vehicles). This was widely expected in the Budget and this is with an aim to boost automobile demand by phasing out old, polluting vehicles. This is expected to benefit companies like Tata Motors, Ashok Leyland, Maruti and Shriram Transport. The auto industry had held several engagements with the government at various levels, where specific suggestions were made for demand stimulus including re

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