MMCM is developing a digital infrastructure to formalize India's vehicle scrappage industry. By implementing end-to-end traceability for scrapped vehicles, the company aims to generate carbon credits and increase the economic viability of registered scrapping facilities. The initiative focuses on shifting vehicle owners from the informal sector to formal channels using Certificates of Deposit. This transition supports a circular economy by recovering high-value materials like steel and aluminum while creating new revenue streams through sustainability-linked financial instruments.
