Indian Automobile Manufacturers (Siam) Society of Automobile industry body, has asked the Government of India announced a scrappage For vehicle owners to plan on the lines of European countries 50% discount on excise duty and sales tax, stimulate demand for new vehicles to replace the big automobile. According to Siam, scrappage incentives for all vehicles, which are at least 15 years old should be replaced. Provocative than demand, it will help control air pollution. "Fleet renewal program, demand for new fuel 
efficient vehicles and help cut down pollution and fuel consumption will", Mahindra & Mahindra's automotive sector, which took over as president of Siam's new president Friday Wind Goenka said. Many Germany, France, Spain, Italy and Austria as European countries as customers cash incentives have increased scrappage € 5,000 small to large fuel vehicles, which is due to huge demand for new cars and efficient cars out of these markets into.For more information visit as: http://economictimes.indiatimes.com/News/News-By-Industry/Auto/Auto-makers-seek-further-stimulus/articleshow/4947027.cms
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