European government offers scrapping incentives for new, fuel-efficient cars. This new incentive system has lifted the spirits of India’s biggest car manufacturers Maruti Suzuki and Hyundai Motors.

Many European countries are offering these incentives to car owners who give away their age old cars. These cars are scrapped and transformed into completely new and fuel-efficient cars to meet higher emission norms.

The scheme has received an encouraging response in many of the countries including France, Germany, and Austria. And now the Indian players Maruti and Hyundai are also seeking to ride on European benefits. Both the car manufacturers export a huge number of their cars to various European countries. These cars are acclaimed for their impressive fuel efficiency and this has infused a new hope for the manufacturers.

Now, because of these incentives both Maruti and Hyundai are eyeing increased orders from their European distributors. Hyundai exports the i10 and i20 in huge numbers whereas Maruti exports its global car A-star. Till now, the manufacturers have experienced good sales and are further expecting more orders as the scrapping system gains momentum.