Auto Slowdown-to-Scrap Yard: India's 'Cash for Clunkers' policy in offing Updated : September 16, 2019 08:34 AM IST The automobile industry has repeatedly sought an 'End of Life' policy from the central government as a measure to arrest the falling sales. The policy, if implemented, is expected to encourage customers to go in for new purchases which will be backed up by government incentives in lieu of their old vehicles. Significantly, the move, is considered to be the most vital element of any further package to prop-up the sector's growth. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.