Article link:
Auto
dealers urge State governments to implement scrappage policy
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Extract from the article:
In a move to promote the scrappage policy,
auto dealers are pressuring State governments to act swiftly.
The State government has advised auto
manufacturers to provide a 5% discount on new vehicles and also offer a 5%
discount on old vehicles.
This initiative aims to boost the vehicle
market by encouraging the scrapping of old vehicles and promoting the purchase
of new ones. However, financial markets such as Nifty 50, BSE Sensex, and Gold
& Silver seem to have reacted negatively to this development.
This push for a scrappage policy signifies a
step towards a more sustainable and efficient transportation system. It also
highlights the collaboration between government bodies, auto manufacturers, and
dealers to address environmental concerns and stimulate economic growth within
the automotive sector.
My Take:
Nitinbhai
- Vehicle Manufacturers Cannot Ignore Scrappage Advice
"Looking back at my blog post from March 2021, where I discussed the challenges of scrapping 24 million vehicles in 24 months, it is
evident that the advice given to vehicle manufacturers regarding offering
discounts on new vehicles based on scrap certificates is now becoming a
reality.
As the industry moves towards implementing
these recommendations by April 2022, my foresight into the consequences of such
policies is validated."
Vehicle
Scrapping: From Policy to Practice
"In my blog post from April 2021, I emphasized the potential transformation
of vehicle scrapping into a lucrative business opportunity for dealers and
automakers.
The current push by State governments for a
scrappage policy, including incentives like road tax rebates and registration
fee waivers, aligns perfectly with the predictions I made earlier.
This development underscores the evolving
dynamics within the automotive industry towards a more sustainable and
economically viable future."
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Call to Action:
To the State governments and auto
manufacturers mentioned in the article, I urge a proactive
approach in swiftly implementing the scrappage policy with comprehensive
incentives to encourage the transition towards newer and more environmentally
friendly vehicles.
Collaboration and timely action are crucial in
driving this initiative forward for the benefit of both the industry and the society.
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With regards,
www.HemenParekh.ai / 03
Dec 2024
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