Vehicle Scrappage Policy

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admin August 30, 2021
Updated 2021/11/04 at 1:05 PM

At the Gujarat Investor Summit on Friday, August 13th, Prime Minister Narendra Modi announced India’s Vehicle Scrappage Policy and invited youths and start-ups to participate. Personal Vehicles older than 20 years and commercial vehicles older than 15 years must pass a fitness test at government-approved “automated fitness centers.” Vehicles that fail the test will be classified as “end-of-life vehicles,” which means they must be recycled. As a result, outdated automobiles can now be scrapped. If the vehicles pass the test, the owners will be charged a costly re-registration price, which will be increased by eight times for personal vehicles and twenty times for commercial vehicles. The policy is a “waste-to-wealth mission” and a vital aspect of the circular economy that will minimise pollution in our cities while also demonstrating the government’s commitment to quick development. The policy will also attract investments worth more than Rs 10,000 crore, resulting in the employment of thousands of young people.

News source: Press Information bureau

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