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What India's proposed scrappage policy mean for auto industry, vehicle owners

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The transport ministry has issued draft guidelines for setting up authorised vehicle scrapping facilities, a move that will help legalise the industry in India. The guidelines posted on the ministry's website have been issued for "protection of the environment and promotion of a legally compliant vehicle dismantling and scrapping industry." But what does these proposed norms mean for the auto industry and vehicle owners? ET's Nehal Chaliawala has more.

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