The a lot awaited car scrapping policy was announced by Union minister Nitin Gadkari in Lok Sabha on Thursday. Speaking within the House, Gadkari mentioned that the policy might be a ‘win-win’ state of affairs for all as it should scale back air pollution and improve gasoline effectivity.
The Road Transport, Highways minister additionally identified that the policy will lead to a rise within the nation’s car trade turnover to Rs 10 lakh crore from the present Rs 4.5 lakh crore.
Rebate on new autos
Gadkari mentioned he has requested car firms to supply 5 per cent rebate to these shopping for a brand new car after producing a scrapping certificates.
Fitness take a look at for autos should
Announced within the Union Budget 2021-22, the policy gives for health take a look at after 20 years for private autos, whereas industrial autos would require it after the completion of 15 years.
A car failing the health take a look at or failing to get a renewal of its registration certificates could also be declared as End of Life Vehicle.
15-year-old industrial autos to be de-registered
The ministry has proposed that industrial autos be de-registered after 15 years in case of failure to get the health certificates.
As a disincentive measure, elevated charges for health certificates and health take a look at could also be relevant for industrial autos 15 years onwards from the date of preliminary registration, in accordance to the minister.
Rule for 20-year-old personal autos
Another proposal is that non-public autos be de-registered after 20 years if discovered unfit or in case of a failure to renew the registration certificates.
As a disincentive measure, elevated re-registration charges might be relevant for personal autos 15 12 months onwards from the date of preliminary registration.
(With PTI inputs)
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