Key Messages

Nearly 4 million commercial vehicles in India are expected to ride into the sunset soon. The much awaited vehicle scrappage policy, expected to be notified shortly by the Ministry of Road Transport and Highways (MoRTH), aims to scrap older commercial (more than 15 years) and private vehicles (more than 20 years). Currently, the total number of vehicles older than 15 years in the country is around 28 million (including all categories), of which nearly 4 million are commercial.