Tata Motors signs MoU with Gujarat to set up vehicle scrapping unit

16 Aug 2021 CW Team

As a part of the Investment Promotion Activity, Tata Motors signed a Memorandum of Understanding (MoU) with the government of Gujarat to set up a Registered Vehicle Scrapping Facility (RVSF) in Ahmedabad for passengers and commercial vehicles.

The scrapping unit would be able to recycle up to 36,000 vehicles every year. It will be compliant with the latest scrappage policy of the Ministry of Road Transport and Highways (MoRTH) and vehicle dismantling policy of the Automotive Research Association of India (ARAI) and Central Pollution Control Board.

It was signed at the Investors Summit in Gandhinagar in the presence of the MoRTH, Nitin Gadkari, Chief Minister of Gujarat, Vijay Rupani, and other government officials of Gujarat and the Government of India.

According to the rules of the Gujarat government and the draft vehicle scrappage policy released by MoRTH, the Ports and Transport Department will help in facilitating the necessary approvals for setting up RVSF.

It will address the intent of all the stakeholders with the benefits, including low import bill for scrape and crude oil, employment opportunities for Micro, Small, and Medium Enterprises (MSMEs), possibility of upside in the sale of new vehicles for Original Equipment Manufacturers (OEMs), low-cost operation for vehicle owners, safe and clean vehicles for buyers, and sustainable environment.

Executive and Director of Tata Motors, Girish Wagh, said that the scrapping unit is a historic step for Tata Motors in the vehicle scrapping space. It will provide appropriate scrapping of end-of-life vehicles, which have sustainable benefits for the ecosystem stakeholders. The policy by MoRTH will promote safer and cleaner vehicles, which is a crucial step for economic growth.

Image Source

Also read: Tata Motors simultaneously inaugurates eight new showrooms in Ahmedabad

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..