Today, NGT has floated an order to ban more than 10-year-old diesel vehicles plying in Delhi. Now, the question arises that is auto recycling a next big thing in India?
The National Green Tribunal (NGT) today has issued an order directing RTO Delhi to de-register all diesel vehicles plying in Delhi for over 10 years. The ban is effective immediately.
NGT wants to ban all over 10 years old diesel vehicles in at least 15 cities across India in order to control environment pollution.
Is auto recycling a next big thing in India?
Auto recycling in India is currently at an initial stage but potential is huge. It seems that India will become the world’s 3rd largest automobile market in coming couple of years.
The Indian government recently has drafted a policy regarding vehicle scrapping. The policy, Voluntary Vehicle Modernization Program (V-VMP plan) is gaining pace after the NGT banned over 10-year-old diesel and 15-year-old petrol cars.
Indian auto and recycling industry is highly optimistic over the government’s initiative on recycling old vehicles. Auto recycling is quite common in developed countries like US, Europe, Japan, Korea and China. Over 30 million vehicles are recycled every year globally. US contribute about 40-45% of total vehicle recycling, followed by Europe (30%) and Japan (15-20%).
Industry is anticipating at least 3-4 million vehicles may come initially for recycling in India and numbers will double in 2020. It is to be noted that India is going to the 3rd largest automobile market in the world in 2017.