Tag: SIAM vehicle scrappage concerns
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India: Automakers fall 70% short of govt’s mandated vehicle scrapping target in FY’26
OEMs achieve only 30% of mandatory scrappage obligations in FY26 Weak ELV inflows may delay ferrous scrap availability for steelmakers India’s automakers achieved just 30% of their steel-equivalent vehicle scrappage commitments in FY26 (April 2025-March 2026), falling 70% short of Environment Ministry mandates under the End-of-Life Vehicle (ELV) Rules, 2025. Industry executives attribute the non-compliance…