Articles for Vehicle Scrapping

Cars24 Launches its Vehicle Scrapping Initiative
1 year, 1 month ago

Cars24 Launches its Vehicle Scrapping Initiative

Deccan Chronicle  

Pune: Cars24, one of India's leading autotech companies, on Wednesday launched its new vehicle scrapping initiative aimed at offering a one-stop solution for customers to scrap their cars and monetize their Certificate of Deposit. Cars24 has partnered with registered vehicle scrapping facilities across India. “It's a crucial step in addressing environmental challenges and making the process simpler and more rewarding …

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Explained | How to scrap your end-of-life vehicle in eco-friendly way
1 year, 3 months ago

Explained | How to scrap your end-of-life vehicle in eco-friendly way

The Hindu  

The government of India introduced the vehicle scrapping policy in 2021 to phase out old vehicles, as they cause pollution and are considered unfit to ply. How scrap dealers purchase the vehicle If your vehicle fails the fitness test, it will have to be scrapped. For calculating the portion of price accounted by the metal, the scrap dealer would divide …

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Why scrap dealers worried about new Registered Vehicle Scrapping Facility in Bengaluru
1 year, 3 months ago

Why scrap dealers worried about new Registered Vehicle Scrapping Facility in Bengaluru

The Hindu  

Car scrap dealers in Bengaluru are bracing for the impact of the Registered Vehicle Scrapping Facility, which is expected to change the face of a business that is a huge part of the unorganised sector. Aniket Bag, the founder of vehicle scrap dealer aggregator Scrapoto, says, “The local scrap dealer is likely to offer around 20% more for your end-of-life …

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Budget 2023 | Vehicle scrapping policy revved up to drive green economy
1 year, 10 months ago

Budget 2023 | Vehicle scrapping policy revved up to drive green economy

The Hindu  

The Union Budget for 2023-2024 has laid special emphasis on vehicle scrapping policy by allocating adequate funds to replace vehicles that are over 15 years. Ashok Leyland Executive Chairman, Dheeraj Hinduja said this budget also echoes the company’s sentiment and commitment to clean energy vehicles for a cleaner and greener future, as part of a national mission to achieve the …

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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. …

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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, …

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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 …

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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 …

Policy Indian Vehicles Vehicle Narendra Modi India Today Vehicle Scrapping
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 …

Policy Gujarat Vehicle Modi Pm Modi Narendra Modi This Programme
Vehicle Scrappage Policy update: Rules for setting up Registered Vehicle Scrapping Facility and process for scrapping announced
3 years, 9 months ago

Vehicle Scrappage Policy update: Rules for setting up Registered Vehicle Scrapping Facility and process for scrapping announced

India Today  

Ministry of Road Transport & Highways has notified draft rules for setting up Registered Vehicle Scrapping Facility. Besides the requirement for having certified equipment for de-polluting, de-risking and dismantling End of Life Vehicle, the RVSF will have to comply with relevant health and safety legislation/regulation and environmental norms laid down In case the RVSF does not have adequate capability for …

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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 …

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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 …

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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 …

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