India: Automakers fall 70% short of govt's mandated vehicle scrapping target in FY'26

Source: BigMint May 13, 2026 10:00

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 to "unrealistic" targets and a mid-year policy shift that tightened eligibility for credits. Notified in

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