by Tarkesh Jha - Mar 14, 2021 08:52 AM
Union Minister Nitin Gadkari (Pic Via PIB Website)
The Ministry of Road Transport and Highwaysâ (MoRTH) new vehicle scrapping policy will permit owners of old vehicles to receive certificates that can be used to avail a discount or a waiver in the registration charges whilst purchasing a new car. Additionally, the owners will be allowed to trade or transfer their certificates to someone else if they do not wish to buy a new vehicle.
This new scheme, which is to be notified soon, aims at incentivizing old vehicle owners to explore the newer alternatives in the market in place of their outdated and high pollution-causing automobiles.