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5% rebate on a new car if old car is scrapped

Written by Nayak

In wake of the recent announcement of the new Vehicle Scrappage Policy by the Government of India, the Society of Indian Automobile Manufacturers (SIAM) conducted its 10th Lecture Series exchanging views on the importance of ELV (End-of-Life) recycling. The agenda of this virtual meeting was to discuss comprehensively and sharing the Industry’s experience on eliminating waste through material and end-of-life vehicle (ELV) recycling. SIAM is not for profit national body which works towards building and supporting the sustainable development of the Indian Automotive Industry.

Guidelines Of ELV Recycling

The new Vehicle Scrappage Policy will certainly lead to the accumulation of a high amount of automotive waste. Under this lecture series, the main area of the discussion revolved around the safe disposal of this waste which would help in attaining sustainability in the automotive sector. The key topics included in the series were, Imperatives of ELV recycling and circular economy, Material Recycling and Scrappage Policy Support in India and Way Forward, Implementation of ELV guidelines 2019 by CPCB, National experiences and challenges of ELV recycling in India, Impact of Basel Ban Amendment 2019  and the US experiences and status of ELV recycling.

The Key Take Away Points

The panel consists of industry stalwarts having immense knowledge and experience of the topic came to a common consensus to control the high scale depletion of natural resources which is causing a lot of changes to the environment all across the world by urging the legislature to make ELV recycling mandatory which will lead to minimizing the potential environmental damage. Recycling of automotive waste is still a very new concept for India and given the exponential growth of vehicles plying on the Indian road, the need of the hour is to develop a sustainable and efficient automobile waste disposal system. The new Scrappage Policy is a very positive step taken by the Indian Government which ensures that the new vehicles with better fuel emission technology which ensure optimal use of resources like fuel and raw material will eventually replace the old high polluting vehicles.