Leyland: Need well-designed scrappage policy

Leyland: Need well-designed scrappage policy

NEW DELHI: India’s commercial vehicle industry needs a stronger and well-designed vehicle scrappage policy to accelerate the replacement of old trucks, cut pollution and lower logistics costs, Ashok Leyland MD and CEO Shenu Agarwal said, as the sector sees a sharp demand rebound after GST 2.0.According to Siam, commercial vehicle sales touched a record 10.3 lakh units in 2025. Agarwal said GST rationalisation played a key role in lifting demand, not merely through price cuts but by improving overall consumption and freight movement. He said average age of India’s truck fleet rose to nearly 11 years from seven-eight years, making operations more expensive and less efficient. While fleet owners recognise that BS6 trucks are far more fuel-efficient than older BS2 and BS3 vehicles, many are waiting for a clearer policy push.

  • Related Posts

    New building standard makes fire safety advisory, raises height threshold to 24m

    New Delhi: Residential buildings under 24 metres in height — a category that includes a large number multi-storey homes, such as the ill-fated one in Delhi’s Vivek Vihar — will…

    Private credit risks may trigger wider crunch; Fed’s Michael Barr warns of ‘psychological contagion’

    US Federal Reserve Governor Michael Barr has warned that stress in the fast-growing private credit market could trigger “psychological contagion” and spill into the broader financial system, Reuters reported citing…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Quote of the day by Sania Mirza on parenting and child well-being: “There’s no one-size-fits-all rule. As long as the child is healthy and happy, that’s what counts.” |

    Kerala’s alternating cycle on trial: Will Left front extend run or UDF return? | India News

    Kerala’s alternating cycle on trial: Will Left front extend run or UDF return? | India News

    Assam Assembly Polls 2023: Key Players and Predictions as Votes are Counted | Guwahati News

    Assam Assembly Polls 2023: Key Players and Predictions as Votes are Counted | Guwahati News

    Brixton drive-by shooting leaves four injured, one in critical condition

    Brixton drive-by shooting leaves four injured, one in critical condition

    New building standard makes fire safety advisory, raises height threshold to 24m

    New building standard makes fire safety advisory, raises height threshold to 24m

    IPL points table after Match 46: GT draw level with RCB as KKR stay alive in playoff race | Cricket News

    IPL points table after Match 46: GT draw level with RCB as KKR stay alive in playoff race | Cricket News