 Older vehicles pose a risk to road safety, have higher consumption of fuel and pollute the environment. In line with the Sustainable Economic Development Vision Off, Honourable Prime Minister Srinarendra Modi, Government of India announced the Voluntary Vehicle Fleet Modernization Program, VVMP, also known as Vehicle Scrapping Policy. Vehicle Scrapping Policy presents a win-win situation for all stakeholders, be it vehicle owners, pedestrians, industries or the government. Scrapping of vehicles will make our roads safer for passengers and pedestrians. Newer vehicles have better fuel efficiency, lower maintenance costs and lower or no burden of fitness testing costs and green taxes, thereby lowering cost of ownership for the vehicle owners. On depositing the vehicle for scrapping, the vehicle owners will get a certificate of deposit which will be tradable. It can be used to avail multiple benefits such as registration fee waiver, road tax concession and auto OEM discounts on purchase of new vehicles. For successful implementation of the policy, an investment of Rs 10,000 crores is required to set up 450-500 automated testing stations, ATS and 60-70 registered vehicle scrapping facilities, RBSF across the country. These present very attractive opportunities for investors. A single window clearance portal is being developed where the registration applications for ATSs and RBSFs will be catered through a single portal within 60 days. The policy will formalize the currently informal scrapping sector and promote safe and environment-friendly scrapping of vehicles. This will also lead to an increased availability of low-cost raw materials for automotive, steel and electronics industry. These benefits along with increased automobile sales are expected to create 35,000 new job opportunities. The vehicle scrapping policy targets voluntary scrapping for more than 1 crore vehicles which are either unfit or have not applied for re-registration. A vehicle will be declared as end-of-life or unfit if it fails the automated fitness test, the allowed re-test and re-inspection test ordered by Applet Authority. Mandatory automated fitness testing for heavy commercial vehicles, HCV, is to be effective from 1st April 2023. For all other classes of commercial vehicles as well as private vehicles, fitness testing through ATSs is proposed to be mandated in phases from 1st June 2024, once adequate number of automated testing stations are set up. VVMP is a transformative step to introduce a regime of fitter automobiles on Indian roads as policy makers, investors, vehicle owners and auto and steel manufacturers. It is time to make a contribution for successful implementation of the policy.