Mahindra & Mahindra Ltd. has recently said that it has inked an initial pact with its automotive and steel recycling JV MMRPL to offer its customers an end-to-end solution for vehicle scrapping. The move comes in the wake of the government last month proposing a policy for vehicle scrapping, under which vehicles that fail fitness tests or are unable to renew registration after 15-20 years of use will be deregistered.
Veejay Ram Nakra, CEO Automotive Division, Mahindra & Mahindra Ltd., said, “Our agreement with MMRPL is a step towards a one-stop solution for customers who wish to scrap their old vehicle. While the scrappage policy will take effect in some time, we are ready to help the customers who intend to discard their vehicles.”
The agreement with MMRPL will enable customers to get a transparent and hassle-free deal under one roof. Any customer intending to purchase a new Mahindra vehicle by scrapping/ exchanging the old vehicle which is more than 15 years old can do so at any of its dealerships. These services would provide utmost convenience to the customer without the need to look for a vehicle scrapping agency/dealer.
Under the proposed policy, a scrapped vehicle will be offered a monetary value close to 4-6% of the showroom value. There could even be up to a 5% discount on the purchase of a new vehicle if a scrap certificate is produced.
