Scrappage Policy comment by Cyril Amarchand Mangaldas

Mr. L Viswanathan’s views, Partner, Cyril Amarchand Mangaldas

“The announcement of the Scrappage Policy is expected to significantly boost the auto industry as also contribute to a clean India.

It is expected that this policy would nudge electric vehicles which would also be a boost for manufacturing in India and will trigger investment in clean technology.

The success of this policy would be felt in multiple fronts, from giving a fillip to the automobile sector, boosting manufacturing in India and also reducing our fuel import bill.”