Vehicle scrapping plan to create jobs, cut costs: Nitin Gadkari
Vehicles older than 15 years are not fuel efficient and also have high maintenance costs, and the scrapping policy will help overcome these problems, says Union Road Transport and Highways Minister Nitin Gadkari
PTI | February 6, 2021 | Updated 23:23 IST
Nitin Gadkari
The voluntary scrapping policy for old and unfit vehicles announced in the Union Budget for 2021-22 will help create jobs for 25 lakh people and lower the price of auto components by as much as 40 per cent, Union Road Transport and Highways Minister Nitin Gadkari said here on Saturday. In Wardha to attend some programmes, the minister said moves initiated by the Centre will make India an automobile manufacturing hub in five years.