Vehicle Scrappage Policy: Buyers to Get Rebate on Road Tax Upto 25 Percent: MoRTH
3 years, 4 months ago

Vehicle Scrappage Policy: Buyers to Get Rebate on Road Tax Upto 25 Percent: MoRTH

News 18  

Presenting the Union Budget 2021, Finance minister Nirmala Sitharaman announced the much-awaited “Vehicle Scrappage Policy". Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari revealed the details in a Lok Sabha session and notified the new vehicle scrappage policy mentioning that the full roll-out of the policy will take place in the coming days. While nothing much has happened at that front, MoRTH has now recommended a reduction in the road tax imposed for the registration of a new car, rather than a vehicle scrapping certificate. While more details, such as incentives and monetary benefits will be disclosed once the policy is rolled out, Nitin Gadkari has given following financial benefits one can get from the policy- 1) A scrap value of the ex-showroom price of vehicle ranging from 4-6% will be given to the owner if they choose to scrap the vehicle 2) A rebate of upto 25% will be given in Road Tax 3) Vehicle manufacturers will be advised to give 5% discount on new vehicles against a scrapping certificate Industry experts are saying that in order to implement this policy successfully govt will have to offer good incentive scheme, else owners will flout the rules in hope of saving money.

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Vehicle Scrappage Policy Finance Ministry Issues Directives for Govt Vehicles to be Scrapped older than 15 Years
2 years ago

Vehicle Scrappage Policy Finance Ministry Issues Directives for Govt Vehicles to be Scrapped older than 15 Years

ABP News  

The latest directive from the finance ministry asked all ministries and departments to scrap all 15-year-old vehicles that have become unserviceable. In an office memorandum, the department of expenditure, under the finance ministry noted the existing provisions of condemnation of vehicles have been reconsidered in consultation with Niti Aayog and the road transport ministry, according to the news agency PTI. …

To phase out 15-year-old govt vehicles, Gadkari shares details with states
2 years ago

To phase out 15-year-old govt vehicles, Gadkari shares details with states

Hindustan Times  

Union Road Transport and Highways Minister Nitin Gadkari has said that all government vehicles - that have completed 15 years - will be scrapped and a policy to this effect has been sent to states. Addressing an event in Nagpur on Saturday, Gadkari said, “Yesterday, I signed a file under the guidance of Prime Minister Narendra Modi that all the …

‘No consensus among States on scrappage policy’
2 years, 2 months ago

‘No consensus among States on scrappage policy’

The Hindu  

A small drive in the city and it is not difficult to find vehicles emitting thick black smoke. The Union Ministry of Road Transport and Highways has formulated the Vehicle Scrappage Policy to encourage owners to discard their old vehicles and go for new ones that are complaint with existing emission norms. “There is, however, no consensus among the States …

Centre to ask states for up to 25% road tax rebate under national automobile scrappage policy
3 years, 4 months ago

Centre to ask states for up to 25% road tax rebate under national automobile scrappage policy

India TV News  

State governments will be asked to offer a road tax rebate of up to 25 per cent for personal vehicles that are purchased after scrapping old vehicles under the national automobile scrappage policy, the Union government said on Tuesday. In March, Road Transport and Highways Minister Nitin Gadkari told Parliament that state governments may be advised to offer a road …

Amitabh Kant Writes: Vehicle Scrappage Policy a Groundbreaking Step towards Cleaner Mobility
3 years, 4 months ago

Amitabh Kant Writes: Vehicle Scrappage Policy a Groundbreaking Step towards Cleaner Mobility

News 18  

The newly announced Vehicle Scrappage Policy is a gamechanger in India’s fight against air pollution and transition towards cleaner mobility. The new Vehicle Scrappage Policy envisages a mechanism to retire such End-of-Life Vehicles that are no longer fit to be driven on roads and are polluting, unsafe and have lower fuel efficiency. FAQ | Vehicle Scrappage Policy Launched in India: …

National Automobile Scrappage Policy Launched By PM Narendra Modi: Key Takeaways
3 years, 4 months ago

National Automobile Scrappage Policy Launched By PM Narendra Modi: Key Takeaways

Live Law  

Addressing the Investor Summit in Gujarat via video conferencing facility, Prime Minister Narendra Modi today launched Voluntary Vehicle-Fleet Modernization Program or the National Automobile Scrappage Policy. Rules for fitness tests and scrapping centres to be applicable from October 1, 2021, while scrapping of government and PSU vehicles which are older than 15 years to come into effect from April 1, …

Here's How Vehicle Scrappage Policy Can Help India's Economy and Automotive Sector
3 years, 4 months ago

Here's How Vehicle Scrappage Policy Can Help India's Economy and Automotive Sector

News 18  

PM Narendra Modi today launched the much awaited vehicle scrappage policy in India today. Sale of New Vehicles The vehicle scrapping policy is not only expected to reduce environmental pollution and improve road safety by getting end of life and unfit vehicles off the road but also encourage sale of new vehicles through financial incentives in the form of vehicle …

PM introduces policy aimed at phasing out old and unfit vehicles
3 years, 4 months ago

PM introduces policy aimed at phasing out old and unfit vehicles

The Hindu  

With an emphasis on creating a circular economy, Prime Minister Narendra Modi on Friday launched a National Automobile Scrappage Policy. He said the introduction of a vehicle scrappage policy would likely to attract an investment worth ₹10,000 crore in Gujarat. ‘Alang could become hub’ Asia’s largest ship recycling and scrapping yard Alang in Gujarat could become a hub for old …

Vehicle Scrappage Policy Launched in India: Scrapping Benefits and Rules Explained - News18
3 years, 4 months ago

Vehicle Scrappage Policy Launched in India: Scrapping Benefits and Rules Explained - News18

News 18  

Prime Minister Narendra Modi launched the much awaited Vehicle Scrappage Policy in India today at the Gujarat Investor Summit. Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari revealed the details of the policy at a Lok Sabha session and notified the new vehicle scrappage policy. While the new scrappage policy is voluntary, it would require mandatory fitness …

PM Narendra Modi Launches Vehicle Scrappage Policy in India, to Begin from 2023
3 years, 4 months ago

PM Narendra Modi Launches Vehicle Scrappage Policy in India, to Begin from 2023

News 18  

PM Narendra Modi has launched the much awaited vehicle scrappage policy in India today. In a tweet today, Narendra Modi mentioned – “The launch of Vehicle Scrappage Policy today is a significant milestone in India’s development journey. On the other hand, the vehicle scrappage policy is likely to give a major boost to the metal recycling business, said Grant Thornton …

PM Narendra Modi launches national vehicle scrappage policy
3 years, 4 months ago

PM Narendra Modi launches national vehicle scrappage policy

India Today  

At the Investor Summit in Gujarat, Prime Minister Narendra Modi launched the national vehicle scrappage policy, adding it will help phase out unfit and polluting vehicles. The vehicle scrappage policy will bring in investments of around Rs 10,000 crore in the country, which will help phase out unfit and polluting vehicles in an environment-friendly manner. The announcement comes in weeks …

Vehicles Scrappage Policy launched: All rules and benefits explained in 6 points
3 years, 4 months ago

Vehicles Scrappage Policy launched: All rules and benefits explained in 6 points

India Today  

Prime Minister Narendra Modi launched the Vehicle Scrappage Policy while virtually addressing the Gujarat Investor Summit on Friday. The scrappage policy will come into effect immediately after the registration period of a vehicle is over; it would then have to undergo a mandatory fitness test. The objective of the Vehicle Scrappage Policy is simply to phase out and recycle old …

Vehicle Scrappage Policy Decoded, Benefits for Car Owners and More: Explained - News18
3 years, 8 months ago

Vehicle Scrappage Policy Decoded, Benefits for Car Owners and More: Explained - News18

News 18  

In a recent move, Mahindra Auto has become first company to roll-out its comprehensive end-to-end Scrapping solution for new car buyers. The scrappage policy, notified by Union Minister for Road, Transport and Highways Nitin Gadkari in a recent Lok Sabha session is a voluntary scheme that defines the end-of-cycle of a vehicle. If the vehicle is not given for scrappage, …

Vehicle Scrappage Policy Decoded, Financial Implication for Car Owners and More: Explained - News18
3 years, 9 months ago

Vehicle Scrappage Policy Decoded, Financial Implication for Car Owners and More: Explained - News18

News 18  

In the recently present Union Budget 2021, Finance minister Nirmala Sitharaman announced the much-awaited “Vehicle Scrappage Policy". Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari revealed the details in a recent Lok Sabha session and notified the new vehicle scrappage policy mentioning that the full roll-out of the policy will take place in the next 15 days. …

UP has over 20% of India’s old vehicles
3 years, 9 months ago

UP has over 20% of India’s old vehicles

Hindustan Times  

More than 20% of India’s total old vehicles that may qualify for the Centre’s newly unveiled scrappage policy are in Uttar Pradesh alone, people dealing with the issue in the transport department here revealed. HT Image The policy seeks to offer incentives to people who opt to get their personal/private vehicles older than 20 years or commercial vehicles older than …

Scrappage policy details revealed, incentives for scrapping old vehicles outlined
3 years, 9 months ago

Scrappage policy details revealed, incentives for scrapping old vehicles outlined

Firstpost  

The Central Government has announced some of the finer points of the vehicle scrappage policy, as detailed by Union Minister for Road, Transport and Highways Nitin Gadkari. Importantly, the scrappage policy will be voluntary, and owners of commercial vehicles over 15 years of age, and private vehicles over 20 years of age can choose to continue to run their vehicles …

Auto Industry to Work with Central Government to Create Scrappage Centres, Vehicle Testing Infra: SIAM
3 years, 9 months ago

Auto Industry to Work with Central Government to Create Scrappage Centres, Vehicle Testing Infra: SIAM

News 18  

Auto industry body SIAM on Thursday hailed the vehicle scrappage policy and said it will work with the government towards creating the infrastructure for vehicle testing as well as scrappage centres all over the country. Earlier in the day, Union Minister Nitin Gadkari said in Parliament that under the government’s vehicle scrapping policy, about 5 per cent rebate on new …

Government's Scrappage Policy Likely to Put Truck Owner-Drivers Out of Business: Industry Experts
3 years, 9 months ago

Government's Scrappage Policy Likely to Put Truck Owner-Drivers Out of Business: Industry Experts

News 18  

The vehicle scrappage policy announced by the Central government on Thursday will make a large number of drive-cum-owner truck operators go out of business, say industry players. As a disincentive measure, increased fees for fitness certificate and fitness test may be applicable for commercial vehicles 15 year onwards from the date of initial registration. The government also proposed that all …

Vehicles Scrappage Policy: India Inc, Industry Welcomes Govt's Act to Decommission Old Cars
3 years, 9 months ago

Vehicles Scrappage Policy: India Inc, Industry Welcomes Govt's Act to Decommission Old Cars

News 18  

India Inc on Thursday welcomed the Centre’s automobile Scrappage Policy. “We are optimistic and look forward to seeing how various provisions of this policy encourage consumers to voluntarily come forward and scrap their old and unfit vehicles," a Tata Motors spokesperson said. “Scrappage value of vehicle in range of 4-6 per cent of the ex-showroom price, rebate of up to …

Nitin Gadkari claims scrappage policy will increase auto industry's turnover by Rs 10 lakh crore
3 years, 9 months ago

Nitin Gadkari claims scrappage policy will increase auto industry's turnover by Rs 10 lakh crore

Firstpost  

New Delhi: Union minister Nitin Gadkari on Thursday said the vehicle scrapping policy will be a “win-win” policy that will help improve fuel efficiency and reduce pollution. Making a statement regarding the vehicle scrapping policy in the Lok Sabha, the Road Transport, Highways and MSMEs Minister said the policy will also lead to an increase in the country’s automobile industry …

Scrappage Policy: Vehicle Failing Fitness Test After 20 Years to Be Declared 'An-End-of-Life'
3 years, 9 months ago

Scrappage Policy: Vehicle Failing Fitness Test After 20 Years to Be Declared 'An-End-of-Life'

News 18  

The much awaited Scrappage Policy has been discussed today in Lok Sabha. There is also good news for consumers who are going to junk their old vehicles and buy a new one under the Vehicle Scrapping Policy as automakers will give about 5 per cent rebate on the new purchase, Union minister Nitin Gadkari has said. The voluntary vehicle scrapping …

Vehicle scrapping policy will be 'win-win' policy; to reduce pollution: Nitin Gadkari
3 years, 9 months ago

Vehicle scrapping policy will be 'win-win' policy; to reduce pollution: Nitin Gadkari

India Today  

Union minister Nitin Gadkari on Thursday said the vehicle scrapping policy will be a "win-win" policy that will help improve fuel efficiency and reduce pollution. Noting that the policy will be a "win-win" policy, the minister said it will help improve fuel efficiency, reduce pollution and GST income will also rise due to the purchase of new vehicles. Around 17 …

Scrapping Policy Brought in Interests of Vehicle Owners, Not the Auto Industry: Centre
3 years, 10 months ago

Scrapping Policy Brought in Interests of Vehicle Owners, Not the Auto Industry: Centre

News 18  

Union Road Transport and Highways Secretary Giridhar Aramane says that the new scrapping policy has been brought in keeping in view the interests of vehicle owners, not the automobile industry. Citing safety as the second major reason behind bringing in a new policy, Aramane said the rate of accidents and deaths from new vehicles is much lower than older vehicles. …

Holding on to Old Cars Likely to Get Costly After Vehicle Scrapping Policy Comes into Effect
3 years, 10 months ago

Holding on to Old Cars Likely to Get Costly After Vehicle Scrapping Policy Comes into Effect

News 18  

After the vehicle scrapping policy announced by the Union Budget 2021 on Monday comes into effect, holding on to 15-year-old vehicles will become expensive. Also, states will now impose green tax over and above the road tax that every vehicle owner needs to pay. FAQ | Understanding the Vehicle Scrappage Policy, Cost Implication for Car Owners: Explained Similarly, in the …

Understanding the Vehicle Scrappage Policy, Cost Implication for Car Owners: Explained - News18
3 years, 10 months ago

Understanding the Vehicle Scrappage Policy, Cost Implication for Car Owners: Explained - News18

News 18  

In the recently present Union Budget 2021, Finance minister Nirmala Sitharaman announced the much-awaited “Vehicle Scrappage Policy". Soon after, Union Minister for Road, Transport and Highways Nitin Gadkari made an announced stating that the new vehicle scrappage policy would be notified in the next 15 days. While the new scrappage policy is voluntary, it would require mandatory fitness tests for …

Union Budget 2021 | Automotive sector welcomes vehicle scrappage policy
3 years, 10 months ago

Union Budget 2021 | Automotive sector welcomes vehicle scrappage policy

The Hindu  

Leading players in the Indian automotive sector have welcomed the Centre’s move to separately announce a voluntary vehicle scrapping policy to phase out old and unfit vehicles. Welcoming the voluntary vehicle scrapping policy, Federation of Automobile Dealers Associations president Vinkesh Gulati said, “If we take 1990 as base year, there are approximately 37 lakh commercial vehicles and 52 lakh passenger …

Voluntary Scrapping Policy Can Generate Additional 5 Lakh Vehicle Sales When Implemented
3 years, 10 months ago

Voluntary Scrapping Policy Can Generate Additional 5 Lakh Vehicle Sales When Implemented

News 18  

The Union Minister for Road Transport and Highways Nitin Gadkari today said that the Ministry of Road Transport and Highways will be declaring the Scrappage Policy in 15 days. His announcement came after Finance Minister Nirmala Sitharaman’s budget 2021 speech where she announced the Voluntary scrapping policy. Federation of Automobile Dealers Associations, the apex body representing automobile dealers across India …

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy
3 years, 10 months ago

Budget 2021: Finance Minister Nirmala Sitharaman announces new voluntary vehicle scrappage policy

Firstpost  

Union Finance Minister, Nirmala Sitharaman, today announced the government’s new voluntary vehicle scrappage policy while presenting the Union Budget of 2021-22. As per this policy which will be implemented April 2022 onwards, personal vehicles over 20 years old and commercial vehicles over 15 years old would undergo automated fitness tests. Credit: Reuters This development comes after the MoRTH approved the …

Scrappage Policy: How your old car will not become scrap metal
3 years, 10 months ago

Scrappage Policy: How your old car will not become scrap metal

India Today  

Finance Minister Nirmala Sitharaman has announced a voluntary vehicle scrapping policy to phase out old and unfit vehicles. You can read all about the benefits of the Scrappage Policy and we also tell you how it is not a compulsory move and that you can retain your old car. According to the Union Road Transport Minister Nitin Gadkari, there are …

Budget 2021: Benefits of Scrappage Policy
3 years, 10 months ago

Budget 2021: Benefits of Scrappage Policy

India Today  

The much awaited Vehicle Scrappage Policy is going to be announced in the next 15 days as per Union Road Transport Minister Nitin Gadkari. Earlier Finance Minister Nirmala Sitharaman announced a voluntary vehicle scrapping policy to phase out old and unfit vehicles that will not only help reduce pollution, but also reduce India’s fuel import bills. Benefits of scrapping policy …

Scrappage policy will lead to new investment of Rs 10,000 crore, create 50,000 jobs: Nitin Gadkari
3 years, 10 months ago

Scrappage policy will lead to new investment of Rs 10,000 crore, create 50,000 jobs: Nitin Gadkari

India Today  

Welcoming the voluntary scrappage policy announced in the Union Budget 2021, Road Transport and Highways Minister Nitin Gadkari today said that it will lead to new investment of nearly Rs 10,000 crore and create as many as 50,000 jobs. While presenting the Union Budget 2021, Finance Minister Nirmala Sitharaman today said that the voluntary scrappage policy will help in encouraging …

Government's Vehicle-scrappage Policy May Hit Speed Bumps Without Clear Incentives
3 years, 10 months ago

Government's Vehicle-scrappage Policy May Hit Speed Bumps Without Clear Incentives

News 18  

For years, the automobile industry has been talking up the benefits of an incentive-based scrappage policy to phase out older, more polluting vehicles. Such a policy would ensure scrapping of older vehicles so that vehicular emissions and pollution is lower; it would have also benefitted automobile manufacturers through improved sale of new vehicles and created more jobs in the sector …

All govt-owned vehicles that are more than 15 years old will be taken off the streets by 1 April 2022
3 years, 10 months ago

All govt-owned vehicles that are more than 15 years old will be taken off the streets by 1 April 2022

Firstpost  

The Ministry of Road Transport and Highways has approved the proposed vehicle scrappage policy, a legislation that has been mulled over for a few years now and one that could noticeably affect car-buying and usage patterns in the country. As per the approved scrappage policy, which comes in to effect April 1 2022, all government-owned vehicles that are more than …

Scrappage Policy is here: Will you be able to drive your 15-year-old vehicle from 1st April 2021
3 years, 10 months ago

Scrappage Policy is here: Will you be able to drive your 15-year-old vehicle from 1st April 2021

India Today  

The much delayed and much-awaited Scrappage Policy is round the corner. What happens to old transport vehicles Under the proposal, transport vehicles older than eight years will be charged a Green Tax at the time of renewal of fitness certificate, at the rate of 10-25 per cent of road tax. However, public transport vehicles, such as city buses, will be …

Nitin Gadkari Approves Proposal to Levy 'Green Tax' on Old, Polluting Vehicles
3 years, 10 months ago

Nitin Gadkari Approves Proposal to Levy 'Green Tax' on Old, Polluting Vehicles

News 18  

Union Minister for Road Transport and Highways Nitin Gadkari has approved a proposal to levy a ‘Green Tax’ on old vehicles which are polluting the environment. Transport vehicles older than 8 years could be charged Green Tax at the time of renewal of fitness certificate, at the rate of 10% to 25% of road tax. The Ministry of Road Transport …

‘Scrappage policy should include govt. vehicles too’
4 years ago

‘Scrappage policy should include govt. vehicles too’

The Hindu  

India’s proposed scrappage policy should not distinguish between private and government vehicles as any such exclusion will fail its meaningful implementation, global consulting firm Arthur D. Little said. “Also, the policy should focus more on incentivisation and less on enforcement,” said Barnik Chitran Maitra, managing partner & CEO, Arthur D. Little, India & South Asia. With the economy rebounding, ADL …

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