If the owner goes for scrapping, he is promised a total benefit of 11per cent, including scrap compensation of nearly five per cent, discount five per cent and one per cent rebate in road tax, On March 18, 2021, Union Minister for Road Transport and Highways Nitin Gadkari announced in the Lok Sabha a “voluntary” vehicle scrapping policy which will lay the foundation for what he termed the “Voluntary Vehicle Fleet Modernisation Programme” and enable the Indian automobile industry to more than double its turnover from the current Rs 450,000 crore to Rs 10,00,000 crore in a few years. Besides, it will have a salutary effect on environment due to the mitigated vehicular pollution.