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India's vehicle scrappage policy likely to be approved soon, assures Nitin Gadkari yet again


India s vehicle scrappage policy likely to be approved soon, assures Nitin Gadkari yet again
Updated Jan 19, 2021 | 16:00 IST
The government proposed an amendment to motor vehicle standards to permit scrapping of vehicles that are older than 15 years.
India s vehicle scrappage policy likely to be approved soon, assures Nitin Gadkari yet again 
The new scrappage policy proposed as an amendment to the motor vehicle standards is likely to be approved by the Government of India pretty soon. I know, I know we have also lost count of the number of times we have heard that before, but it is our job to report the latest developments, so here we are. The Minister of Road Transport and Highways, Nitin Gadkari, said that his ministry has already submitted the requisite proposal and now the only thing remaining to wrap up the process is the government’s final nod. The vehicle scrappage policy the Indian government s two birds with one stone polic ....

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Scrappage Policy May Be A Part Of Budget 2021-22: Report


Scrappage policy may be a part of Budget 2021-22: Report
On July 26, 2019, the government had proposed amendments to motor vehicle rules to allow the scrapping of vehicles older than 15 years in a bid to spur the adoption of electrical vehicles.
Under the new policy, commercial 15-year-old vehicles and 20-year-old private vehicles can be considered for scrapping.
The vehicle scrappage policy may be announced in the Union Budget 2021-22 and the final decision on the same would to be taken by the Finance Ministry and the Prime Minister s Office (PMO), CNBC-TV18 reported on January 11.
Under the new policy, commercial 15-year-old vehicles and 20-year-old private vehicles can be considered for scrapping. The Centre has prepared a Cabinet note on the policy, Minister of State for Road Transport and Highways VK Singh told Rajya Sabha on September 19. ....

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