Mr. L Viswanathan’s views, Partner, Cyril Amarchand Mangaldas
“The announcement of the Scrappage Policy is expected to significantly boost the auto industry as also contribute to a clean India.
It is expected that this policy would nudge electric vehicles which would also be a boost for manufacturing in India and will trigger investment in clean technology.
The success of this policy would be felt in multiple fronts, from giving a fillip to the automobile sector, boosting manufacturing in India and also reducing our fuel import bill.”