Auto Makers Offer Discounts for Vehicle Scrapping
ECONOMY & POLICY

Auto Makers Offer Discounts for Vehicle Scrapping

Major automotive companies are incentivizing customers to scrap their old vehicles by offering discounts ranging from 1.5% to 3.5% on new vehicle purchases. This initiative is part of a broader effort to promote vehicle replacement and enhance environmental sustainability.

The discounts are aimed at encouraging the scrapping of older, less efficient vehicles in favor of newer models that meet stringent emission standards. By removing older vehicles from the road, this initiative seeks to reduce pollution and contribute to cleaner air quality.

Additionally, the scrap schemes align with broader government and industry goals to modernize the vehicle fleet and support environmental regulations. Customers who take advantage of these discounts not only benefit from financial savings but also contribute to reducing their carbon footprint.

These offers are expected to drive higher sales for auto manufacturers while supporting the transition to more eco-friendly vehicles. As part of the broader push for sustainability, the scrapping and replacement of old vehicles with newer, cleaner models are seen as key steps toward a greener automotive industry.

Major automotive companies are incentivizing customers to scrap their old vehicles by offering discounts ranging from 1.5% to 3.5% on new vehicle purchases. This initiative is part of a broader effort to promote vehicle replacement and enhance environmental sustainability. The discounts are aimed at encouraging the scrapping of older, less efficient vehicles in favor of newer models that meet stringent emission standards. By removing older vehicles from the road, this initiative seeks to reduce pollution and contribute to cleaner air quality. Additionally, the scrap schemes align with broader government and industry goals to modernize the vehicle fleet and support environmental regulations. Customers who take advantage of these discounts not only benefit from financial savings but also contribute to reducing their carbon footprint. These offers are expected to drive higher sales for auto manufacturers while supporting the transition to more eco-friendly vehicles. As part of the broader push for sustainability, the scrapping and replacement of old vehicles with newer, cleaner models are seen as key steps toward a greener automotive industry.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement