Leading automakers in India, including Maruti Suzuki, Hyundai Motor India, and Tata Motors, have committed to extending discounts on new vehicle purchases in exchange for scrapped vehicles under the government's Voluntary Fleet Modernisation Programme. Passenger vehicle makers will offer discounts for one year, while commercial vehicle makers will provide discounts for two years. This initiative aims to promote a circular economy and encourage the use of cleaner and safer vehicles.
