<ul><li>Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari</li><li>Union Minister Nitin Gadkari stated that the implementation of the Vehicle Scrapping Policy is expected to reduce the prices of auto components by 30%.</li><li>This reduction in prices may lead to a decrease in vehicle prices, benefiting consumers.</li><li>Gadkari mentioned that the demand for electric vehicles (EVs) will also increase as the government improves charging infrastructure and as prices of input materials, such as lithium-ion batteries, decrease.</li></ul>

Vehicle Scrapping Policy may reduce auto component prices by 30%: Gadkari

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