India Vehicle Scrapping Market Size and Trends

India Vehicle Scrapping Market is estimated to be valued at USD 11.0 Mn in 2025 and is expected to reach USD 47.9 Mn by 2032, growing at a compound annual growth rate (CAGR) of 23.4% from 2025 to 2032.

India Vehicle Scrapping Market Key Factors

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The vehicle scrapping market in India is expected to witness significant growth during the forecast period. With the Government of India pushing to scrap unfit vehicles older than 20 years under the recently launched Voluntary Vehicle Fleet Modernisation Programme, the market is poised to grow manifold. As more fleet owners such as bus and truck operators opt for vehicle replacement over continued use of old vehicles, it will drive a surge in demand for vehicle scrapping services in the coming years. Moreover, with rising awareness about environmental protection and stringent emission norms, vehicle owners are likely to replace old polluting vehicles with new models, thereby propelling the scrapping market in India.