If you go to buy a new car for yourself after sent your old one to scrappage, you will get big concessions on the price you pay. A large number of states and Union Territories have announced these offers.
The state government, for the first time ever, has decided to physically scrap 11,000 vehicles under its use - mostly in Kolkata and Howrah - for being more than 15 years old and no longer meeting pollution norms.
The scrapping of aged cars in Delhi has made car-hiding a phenomenon. Can it also create an accidental market someday for treasured cars saved from the jaws of car-crunchers?
Vehicle scrapping policy: 10 points car owners and buyers should know
Union Minister for MSME & Road Transport and Highways, Nitin Gadkari recently revealed some key aspects of the vehicle srappage policy
(iStock)Premium
Vehicle owners and potential buyers will also be impacted by the policy
Share Via
Read Full Story
Finance Minister, during the Budget 2021 speech, made an announcement for a new voluntary vehicle scrapping policy. The new policy is aimed at boosting the auto industry, which has been facing a slump since even before the pandemic. On the other hand, vehicle owners and potential buyers will also be impacted by the policy.
Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.