Explained | Voluntary Vehicle Fleet Modernisation Programme
3 years, 4 months ago

Explained | Voluntary Vehicle Fleet Modernisation Programme

The Hindu  

The story so far:Prime Minister Narendra Modi recently launched the Voluntary Vehicle Fleet Modernisation Programme to encourage the scrapping of old vehicles. In addition, owners will also be eligible to receive various discounts and tax rebates when they purchase new vehicles after selling their old ones. According to the Federation of Automobile Dealers Association of India, about 52 lakh cars and 37 lakh trucks currently plying on Indian roads may be eligible to be scrapped under the Centre’s new scheme. The various incentives given to vehicle owners may well encourage them to ditch their old vehicles in favour of new ones.

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History of this topic

Centre may provide incentives to retrofit old vehicles into EV
11 months, 1 week ago

Centre may provide incentives to retrofit old vehicles into EV

Hindustan Times  

The government may look for providing incentives or supporting initiatives to retrofit old vehicles into electric vehicles instead of scrapping them, a report said on Thursday. As of 2023, the global retrofit vehicle market is estimated at USD 65.94 billion and projected to reach USD 125.37 billion by 2032 with a compounded annual growth rate of 7.40 per cent. "Instead …

Over 11,000 vehicles scrapped till March 31 this year
1 year, 8 months ago

Over 11,000 vehicles scrapped till March 31 this year

The Hindu  

A total of 11,025 vehicles have been scrapped till March 31 this year by the registered vehicle scrapping facilities, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari further said 24 states/UTs have reported 2,56,935 government-owned vehicles older than 15 years. "The scheme for special assistance to states for …

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. …

Government mulling additional concessions for vehicle scrapping: Gadkari
3 years, 1 month ago

Government mulling additional concessions for vehicle scrapping: Gadkari

The Hindu  

Union Minister for Road Transport Nitin Gadkari on Tuesday said that the Government is considering a proposal to give buyers additional concessions on buying new vehicles after scrapping of their old vehicles. Mr Gadkari was speaking at the inauguration of Maruti Suzuki Toyotsu India Private Limited’s government-approved End-of-Life Vehicles scrapping and recycling unit in Noida. Plus, for Centre and State …

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, …

Explained: National Automobile Scrappage Policy and what it means for vehicle owners in India
3 years, 4 months ago

Explained: National Automobile Scrappage Policy and what it means for vehicle owners in India

Firstpost  

In the making since 2015, India’s National Automobile Scrappage Policy was formally announced today, 13 August, 2021. At the Investor Summit in Gandhinagar, Gujarat, the national vehicle scrappage policy was announced by India’s Prime Minister Narendra Modi, in the presence of Nitin Gadkari, Minister of Road Transport and Highways, and Gujarat Chief Minister Vijay Rupani. During the presentation, Gadkari mentioned …

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 Modi launches National Automobile Scrappage Policy: All you need to know
3 years, 4 months ago

PM Modi launches National Automobile Scrappage Policy: All you need to know

Hindustan Times  

Prime Minister Narendra Modi on Friday launched the long-awaited National Automobile Scrappage Policy, describing it as a “significant step towards Aatmabirbhar Bharat.” The policy, which PM Modi launched while virtually addressing the Investor Summit in Gujarat, was announced by Union finance minister Nirmala Sitharaman in her Budget speech in February. Representative Image Here’s all you need to know about the …

Narendra Modi launches Vehicle Scrappage Policy, here's what will change for old automobiles
3 years, 4 months ago

Narendra Modi launches Vehicle Scrappage Policy, here's what will change for old automobiles

Firstpost  

The objectives of the policy are to reduce the population of old and defective vehicles, achieve a reduction in vehicular air pollutants to fulfill India’s climate commitments, improve road safety among others Prime Minister Narendra Modi launched the Vehicle Scrappage Policy on Friday calling it “a significant milestone in India’s development journey”. The objectives of the policy are to reduce …

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 …

PM Modi launches vehicle scrappage policy | All you need to know
3 years, 4 months ago

PM Modi launches vehicle scrappage policy | All you need to know

India TV News  

Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, adding it will help phase out unfit and polluting vehicles. The Investors Summit is being organized to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy, said Prime Minister's Office in a statement. Rebate on new vehicles Union …

PM Modi Launches Vehicle Scrappage Policy, Invites Start-Ups To Join Programme
3 years, 4 months ago

PM Modi Launches Vehicle Scrappage Policy, Invites Start-Ups To Join Programme

ABP News  

New Delhi: Prime Minister Narendra Modi launched vehicle scrappage policy and said that the policy is a significant milestone in India's development journey. In these 25 years, changes are going to take place in our way of working, in our daily lives, in our businesses," PM Modi said. So, on one hand, India is looking for new possibilities through Deep …

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 Modi launches Vehicle Scrappage Policy at Investor Summit in Gujarat
3 years, 4 months ago

PM Modi launches Vehicle Scrappage Policy at Investor Summit in Gujarat

India TV News  

Prime Minister Narendra Modi on Friday said that the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy will help phase out unfit and polluting vehicles in an environment-friendly manner. Addressing the Investor Summit in Gujarat via video conference, he said that the Vehicle Scrappage Policy will play a key role in the 'Waste to Wealth' programme. He said that …

Unfit, polluting vehicles will now be phased out: PM Modi while launching vehicle scrappage policy
3 years, 4 months ago

Unfit, polluting vehicles will now be phased out: PM Modi while launching vehicle scrappage policy

India Today  

Prime Minister Narendra Modi launched the much-awaited vehicle scrappage policy while virtually addressing the Investor Summit in Gujarat on Friday. In a video address, PM Modi said the vehicle scrappage policy will help phase out unfit and polluting vehicles in an environment-friendly manner. — Narendra Modi August 13, 2021 In another tweet, PM Modi said the vehicle scrappage policy will …

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, 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 …

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 …

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 …

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 …

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 …

Budget 2021: FM announces voluntary vehicle scrapping policy
3 years, 10 months ago

Budget 2021: FM announces voluntary vehicle scrapping policy

Hindustan Times  

The Union Budget 2021 has proposed a voluntary vehicle scrapping policy to phase out old and unfit vehicles. Finance minister Nirmala Sitharaman said the vehicle scrapping policy will encourage fuel efficiency, reduce vehicular pollution and oil import bills. Private vehicles that are over 20 years old and public vehicles that are over 15 years old could undergo fitness tests at …

Budget 2021: Sitharaman announces Voluntary Vehicle Scrapping Policy - What is it?
3 years, 10 months ago

Budget 2021: Sitharaman announces Voluntary Vehicle Scrapping Policy - What is it?

India TV News  

Finance Minister Nirmala Sitharaman on Monday announced the voluntary vehicle scrapping policy, to phase out old vehicles. Earlier Union Road Transport Minister Nitin Gadkari had said last week that the policy to scrap more than 15-year-old vehicles owned by the government departments and PSUs is likely to be notified soon and will be implemented from April 1, 2022. Earlier, Finance …

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: 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 …

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 …

Cabinet Note on Scrappage Policy Ready and Sent for Further Consultations With Stakeholders
4 years, 3 months ago

Cabinet Note on Scrappage Policy Ready and Sent for Further Consultations With Stakeholders

News 18  

The much-awaited vehicle scrappage policy may soon be a reality as a Cabinet note on the issue is ready and sent for further consultations with the stakeholders on PMO directions. “The Ministry of Road Transport and Highways has formulated a note for the Cabinet on creation of an ecosystem for voluntary and environment-friendly phasing out of unfit and old polluting …

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