The ‘Voluntary Vehicle Fleet Modernisation’ program notified by the Government of India (GoI) is expected to generate an investment of over Rs.10,000 crore. Expected to aid in building a robust ecosystem, the scheme is targeted at incentivising owners of the old and polluting End-of-Life-Vehicles (ELVs) due for disposal to be replaced with new and cleaner vehicles to curb the Particulate Matter (PM) emissions. For passenger vehicles, it will come into effect by June 2024 and for commercial vehicles by April 2023. Union Minister of Road Transport and Highways (MoRTH), Nitin Gadkari presiding the Maruti Suzuki Toyotsu India Pvt. Ltd. (MSTI) ELV scrapping recycling unit launch at Noida, late last year, had said, “MoRTH has launched the visionary national automobile scrappage policy aimed at creating an ecosystem for phasing out unfit and polluting vehicles from the Indian roads. To meet this objective, we need state-of-the-art scrapping and recycling units.” To boost the scrappage and recycling ecosystem, Maruti Suzuki, Tsusho Group and Toyota India partnered for one such vehicle scrapping and recycling unit at Noida, in Uttar Pradesh back then.
Diese Geschichte stammt aus der February 2022-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 2022-Ausgabe von Commercial Vehicle.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Bharat Mobility 2025 The Motor Show Preview
The Bharat Mobility Global Expo 2025, slated for January 17-22, is ready to dazzle the world with its expansive and innovative display of automotive and mobility solutions
Driving India Towards A Safer And More Sustainable Future
The Scrappage Policy is a golden opportunity to reshape the future of India's commercial vehicle industry, writes Satyakam Arya Managing Director & CEO, of Daimler India Commercial Vehicles.
Decoding Powertrain Plurism In CVs
India's automotive industry is in a period of significant transformation, balancing traditional market dynamics with evolving regulatory landscape and consumer preferences
Eagle Bus Soars Higher With Eicher
How a bold vision and a reliable partnership with Eicher propelled Vijay Kumar's Eagle Bus Services to new heights
Legacy Brand Renewed Purpose
As Godrej Enterprises Group celebrates its 127Th anniversary, the company unveiled a bold vision to chart a sustainable and innovative path forward
Navigating Global CV Trade
Rising protectionism and shifting geopolitical dynamics are posing serious challenges to commercial vehicle export prospects, asserts
ZF Group sells a 4.3 per cent stake in CVS
ZF Group has sold a 4.32 per cent stake in its Indian subsidiary, ZF Commercial Vehicles Control System (CVS) India, for Rs.1,022 crore as per its release.
Ashok Leyland expands aftersales network
Ashok Leyland has inaugurated a dealership for Light Commercial Vehicles (LCVS) in Siliguri, West Bengal.
Anurag Dubey moves from IPL Tech to Sany India
The Indian subsidiary of Sany, one of the world's largest heavy equipment manufacturers, is learned to have drawn up a new strategy to tap the Indian heavy commercial vehicle market.
IIT-Madras launches Al-driven rating app for truck drivers
The Centre of Excellence for Zero Emission Trucking (COEZET) at IIT Madras recently launched two major projects during the event 'Get ZET - Shifting Gears to Zero Emission Trucking, held at the IIT Madras Research Park.