Puny benefits to scrap vs. options to drive at a cost: why old trucks won’t go to the junkyard
Synopsis
The new vehicle-scrappage policy will increase the cost and hassle of owning old vehicles, but 300,000-400,000 medium and heavy trucks could still be plying. While scrapping is not mandatory and incentives offered are hazy, the truck owners will be happy to go for small repairs and maintenance needed to clear the fitness test.
Motor cars, handlebars……says the junk in the yard.When Paul McCartney wrote Junk in 1968 even as the Beatles were studying transcendental meditation in India, cars were only meant for the elite in the country and Shaktiman trucks were still trying to make a mark. Tata Motors (then known as Telco) and Ashok Motors (later Ashok Leyland) were the talk of the town. Thereafter, as the Indian auto industry continued to unleash its true growth
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Get Offer
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Automobiles News Click Here
For the latest news and updates, follow us on Google News.