The Economic Benefits of Car Scrapping: Driving India's Automotive Industry Forward

Business

Source: The Economic Benefits of Car Scrapping: Driving India's Automotive Industry Forward

India's automotive industry is on a remarkable growth trajectory, propelled by rising incomes, expanding urbanization, and a burgeoning middle class. However, the rapid growth of the automotive sector has also led to a significant accumulation of end-of-life vehicles (ELVs), posing environmental and economic challenges.

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