How old parts can make money out of clunkers, and why it’s a big miss in vehicle scrappage policy

A man stands in front of scrapped vehicles under the sky walk at Bandra East in Mumbai, India on 24 February 2019.

Synopsis

Remanufacturing of parts taken from scrapped vehicles can help automakers cut costs and lower carbon footprint. But there should be guidelines on quality standards and certification. The current policy does not go beyond vehicle scrapping. India can learn from the developed countries and go for technical collaborations necessary for gradual incorporation of reused parts and recycled materials in auto manufacturing.