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Exclusive: Scrappage policy to be discussed in meeting between Nitin Gadkari, auto industry

Sources said that in the meeting, the long-awaited Scrappage Policy will be discussed and the industry will urge the government to bring the policy as soon as possible for strengthening the sector.

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Road Transport Minister Nitin Gadkari and the auto industry will meet to discuss several issues facing the sector on Monday. Auto Industry body SIAM-led by its President Kenichi Ayukawa will call upon Transport Minister Nitin Gadkari and talk about the performance of the sector, said sources.

The automobile sector which saw low sales due to the COVID-19 pandemic has now started to see green shoots as far as sales are concerned. Sources said that in the meeting, the long-awaited Scrappage Policy will be discussed and the industry will urge the government to bring the policy as soon as possible for strengthening the sector. 

Talks about various regulations that have been brought in by the government will be done and the industry will give its feedback on the upcoming regulations that have been proposed by the government.

Recently the Ministry of Road Transport & Highways deferred TREM Stage IV emission norms for tractor manufacturers till Oct 2021 which helped the tractor industry, the ministry has also deferred emission norms for construction equipment vehicles to 2021.

Gadkari has always been advocating the use of Alternate fuel and Flex-fuel, he will be asking the industry to focus more on Alternate fuel and developing technology in India, said sources.

Gadkari has earlier stated that the automobile sector is one of the most important sectors in the country and is one of the most significant contributors for employment generation apart from its contribution to the country's GDP.

 

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