'Cash for clunkers' comes to India also?

romeomidhun · 8th December 2009, 19:35

Heard a news today morning in TV that some discussions are going on for a scheme like 'Cash for clunkers' in India also.

If it comes true, it will be a booster dose for Indian car manufacturers, considering the number of old 'smoking' cars plying in Indian roads.

But will the Indian government spend that much money for 'environment', customers and manufacturers?

.anshuman · 8th December 2009, 19:45

What exactly is the 'Cash for Clunkers' scheme? Is it something related to buy back of old vehicles by Government.

ajmat · 8th December 2009, 19:56

Expect to see a lot scrap vehicles reappear. They should be strict on this. It should be applied on trucks at least

McLaren Rulez · 8th December 2009, 20:22

I doubt if this will happen here. Sure, we know about the environment and all that but India cannot afford to throw away perfectly working cars while families of five travel on scooters. Its one of those things that work in the West but not here.

PhiGolden · 8th December 2009, 20:41

Quote:

Originally Posted by .anshuman

What exactly is the 'Cash for Clunkers' scheme? Is it something related to buy back of old vehicles by Government.

It is an amount paid to the individual by the US government for trading in less fuel efficient vehicle for a more fuel efficient one.

Car Allowance Rebate System - Wikipedia, the free encyclopedia

fiery enzyme · 8th December 2009, 21:02

No way is our govt going to do that. Let them reduce the duties first.

aerohit · 8th December 2009, 21:41

If something happens in US, it has to happen in India also.

Nevermind all the good things happening in the rest of the world.

India probably still believes that bad economic policies of the US came from godly heavens as a curse.

rishab.k · 8th December 2009, 23:54

What the Govt is actually thinking of is to scrap private vehicles older than 15 years & commercial vehicles older than 10 years.
Those people whose vehicle come under this scheme will be offered free registration & a rebate on tax on the new vehicle they buy.

Nikhilb2008 · 9th December 2009, 00:07

That's stupid. The Indian car industry is growing like crazy right now. The cash for clunkers scheme was introduced to boost up the car industries of various countries. I'll be dead against it coming to India.

CoolFire · 9th December 2009, 12:20

Quote:

Originally Posted by ajmat

Expect to see a lot scrap vehicles reappear. They should be strict on this. It should be applied on trucks at least

+1 to that. You cannot imagine the ingenuity of our people in misusing these sops. I know a person who brought a fiesta using an agricultural loan and in the end got waiver under the Central government scheme.

rr_zen · 9th December 2009, 12:31

I doubt if our Govt is so magnanimous to follow the foot steps of USA. I would certainly take this with a pinch (or should I say loads) of salt.

clevermax · 9th December 2009, 12:31

First, we should address the pollution created by the big & old commercial vehicles. Then come to consumer cars.

BTw, I don't think Cash for Clunkers initiative will ever find its way to India. At least not in the next 30 years.

thainogkok · 9th December 2009, 12:35

good for economics and environment.
many EU country offer Cash for clunkers 50/50%

such as in England,Suzuki Alto which cost 6700 pound
will receive 2,000 pound discount
UK goverment will give 1,000 pound
for older than 10 year car and Suzuki will give another 1,000 pound
for discount, sound good isn't it.

vasudeva · 9th December 2009, 12:44

I wonder what is the sense in spending taxpayers money in a poor country on subsidising cars for the 5-8% of the population who presently own cars. As it is, the industry has recovered greatly and anyway booms and busts are part of any business. It is not that Indian auto industry is like the US, where extinction loomed.

shankar.balan · 9th December 2009, 12:59

id say it is a good way of mobilizing or triggering response in the owners of these 12-15+ year old smoke spewing monsters.

i feel it should be made mandatory based on inspection for the public transportation segment first, followed by the commercial vehicle segment and the taxi/ auto rickshaw segment for the first 5 years and then later extended on case to case basis (after a proper inspection etc) over the next 5 years to the private vehicle segment.

8th December 2009, 19:35	#1
romeomidhun BANNED Join Date: Nov 2007 Location: Chennai Posts: 3,282 Thanked: 4,876 Times	'Cash for clunkers' comes to India also? Heard a news today morning in TV that some discussions are going on for a scheme like 'Cash for clunkers' in India also. If it comes true, it will be a booster dose for Indian car manufacturers, considering the number of old 'smoking' cars plying in Indian roads. But will the Indian government spend that much money for 'environment', customers and manufacturers?
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8th December 2009, 19:45	#2
.anshuman Distinguished - BHPian Join Date: Dec 2004 Location: Good-Gaon Posts: 7,763 Thanked: 11,064 Times View My Garage	What exactly is the 'Cash for Clunkers' scheme? Is it something related to buy back of old vehicles by Government.
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8th December 2009, 19:56	#3
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 14,858 Thanked: 27,925 Times View My Garage	Expect to see a lot scrap vehicles reappear. They should be strict on this. It should be applied on trucks at least
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8th December 2009, 20:22	#4
McLaren Rulez Senior - BHPian Join Date: Dec 2007 Location: Mysore Posts: 3,387 Thanked: 5,097 Times	I doubt if this will happen here. Sure, we know about the environment and all that but India cannot afford to throw away perfectly working cars while families of five travel on scooters. Its one of those things that work in the West but not here.
	() Thanks

8th December 2009, 21:02	#6
fiery enzyme BHPian Join Date: Jun 2007 Location: TN 01 Posts: 413 Thanked: 27 Times View My Garage	No way is our govt going to do that. Let them reduce the duties first.
	() Thanks

8th December 2009, 21:41	#7
aerohit BHPian Join Date: Aug 2007 Location: India Posts: 978 Thanked: 980 Times	If something happens in US, it has to happen in India also. Nevermind all the good things happening in the rest of the world. India probably still believes that bad economic policies of the US came from godly heavens as a curse.
	() Thanks

8th December 2009, 23:54	#8
rishab.k BHPian Join Date: Jun 2009 Location: Lucknow Posts: 171 Thanked: 13 Times	What the Govt is actually thinking of is to scrap private vehicles older than 15 years & commercial vehicles older than 10 years. Those people whose vehicle come under this scheme will be offered free registration & a rebate on tax on the new vehicle they buy. Last edited by rishab.k : 8th December 2009 at 23:56.
	() Thanks

9th December 2009, 00:07	#9
Nikhilb2008 Distinguished - BHPian Join Date: Jul 2006 Location: Bangalore Posts: 5,196 Thanked: 10,137 Times	That's stupid. The Indian car industry is growing like crazy right now. The cash for clunkers scheme was introduced to boost up the car industries of various countries. I'll be dead against it coming to India.
	() Thanks

9th December 2009, 12:31	#11
rr_zen Senior - BHPian Join Date: Sep 2006 Location: Chennai, India Posts: 1,799 Thanked: 400 Times View My Garage	I doubt if our Govt is so magnanimous to follow the foot steps of USA. I would certainly take this with a pinch (or should I say loads) of salt.
	() Thanks

9th December 2009, 12:31	#12
clevermax Senior - BHPian Join Date: Jun 2006 Location: Tvm/Amsterdam Posts: 2,086 Thanked: 2,639 Times View My Garage	First, we should address the pollution created by the big & old commercial vehicles. Then come to consumer cars. BTw, I don't think Cash for Clunkers initiative will ever find its way to India. At least not in the next 30 years.
	() Thanks

9th December 2009, 12:35	#13
thainogkok BHPian Join Date: Nov 2005 Location: Some where i belong Posts: 189 Thanked: 3 Times	good for economics and environment. many EU country offer Cash for clunkers 50/50% such as in England,Suzuki Alto which cost 6700 pound will receive 2,000 pound discount UK goverment will give 1,000 pound for older than 10 year car and Suzuki will give another 1,000 pound for discount, sound good isn't it.
	() Thanks

9th December 2009, 12:44	#14
vasudeva Senior - BHPian Join Date: Mar 2007 Location: Delhi Posts: 2,221 Thanked: 212 Times	I wonder what is the sense in spending taxpayers money in a poor country on subsidising cars for the 5-8% of the population who presently own cars. As it is, the industry has recovered greatly and anyway booms and busts are part of any business. It is not that Indian auto industry is like the US, where extinction loomed.
	() Thanks

9th December 2009, 12:59	#15
shankar.balan BANNED Join Date: Apr 2008 Location: Bangalore Posts: 11,368 Thanked: 23,142 Times View My Garage Infractions: 0/2 (8)	id say it is a good way of mobilizing or triggering response in the owners of these 12-15+ year old smoke spewing monsters. i feel it should be made mandatory based on inspection for the public transportation segment first, followed by the commercial vehicle segment and the taxi/ auto rickshaw segment for the first 5 years and then later extended on case to case basis (after a proper inspection etc) over the next 5 years to the private vehicle segment.
	() Thanks