“AKK Plant is the first unique facility in India to utilize modern technology to salvage and reuse maximum number of components from the vehicle and recycle items like steel and plastic by melting and reusing in an eco-friendly manner. helps to do. The plant has a capacity to recycle 1,800 vehicles per month and we will set up 7 to 8 more facilities across the country in the next few years.
National vehicle scrappage The policy was launched in August last year and aims to phase out unsuitable and polluting vehicles and promote a circular economy. The government has claimed that the material recycling sector employs 4 crore people directly and indirectly and this number is expected to go up to 5 crore by 2025.
Under the new scrap policy effective from April 1 this year, the Center confirms that states and union territories will provide up to 25% tax exemption on road tax for vehicles purchased after scrapping old vehicles, which Will show scraping certificate. Vehicles have to undergo a fitness test at the end of the registration period. In addition, commercial vehicles require mandatory testing after 10 years, while it has been fixed at 15 years for passenger vehicles.
India’s first government-approved vehicle scrapping and recycling facility (Maruti Suzuki – Toyotsu Vehicle Scrapping and Recycling Center) located in Noida, UP was also inaugurated by Gadkari in November last year. Gadkari also recently said that the government aims to develop at least one automobile scrapping facility within 150 km from each city centre.