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The proposed vehicle scrappage policy can come as big boost to customers and automobile industry. A cash discount of 5% on the purchase of new car as indicated by Nitin Gadkari, after the old one is scrapped, is a fair deal.

Additionally, the regular discounts and offers by dealers may benefit the customer by almost 10%.

For the industry, this will lead to higher sales, especially in commercial vehicles segment with collateral benefit of controlling vehicular pollution. Higher sales will also expand the market and add jobs in the sector.