The Vehicle Scrapping Policy in India is designed to reduce pollution by phasing out old vehicles that don’t pass a fitness test. It offers benefits such as discounts, registration fee waivers, and promotes the use of newer, environmentally-friendly vehicles. Here’s all you need to know about the Vehicle Scrapping Policy and its benefits.
The Key Highlights of scrapping policy are:
- The primary objective of the policy is to scrap unfit vehicles
- According to the MoRTH, scrapping old vehicles will make the owner eligible for some benefits.
- This policy will help in reducing pollution density. This is subjective to the existing pollution density of a place.
What is the Aim of Vehicle Scrapping Policy?
- Reducing the cost of maintenance
- Improving fuel efficiency
- Employment generation in the automobile industry
Benefits of Vehicle Scrapping Policy:
- OEM Discount: Under the scrapping policy, vehicle manufacturers will give a discount for buying new vehicles against the scrapping certificate.
- No Registration Fee: Individuals will not have to pay a registration fee for the purchase of new vehicle.
- Rebate: State departments will also provide the tax rebate.
- Reduced Pollution: Scrapping old, polluting vehicle helps lower emissions, improving air quality, especially in urban areas.
- Increased Availability of Raw Materials: Recycled materials from scrapped vehicles can be used in various industries, reducing reliance on importrs and lowering costs.
Considering the above-mentioned benefits, this is the time to replace old vehicles with new ones and have them secured with comprehensive insurance for your vehicles to optimize safety on the roads.
FAQ’s
1.Is it mandatory to scrap an old vehicle?
It is not mandatory. However, if the vehicle is older than 15 years and is umfit, then it is better to scrap it.
2.Which Indian ministry is related to the Vehicle Scrapping Policy?
The Ministry of Road Transport and Highway (MoRTH) is the administration of the Vehicle Scrapping Policy.
3. Is the car scrapping scheme applicable for petrol and disel vehicles?
Yes, this scheme is applicable for both petrol and disel vehicles.
Conclusion:
The scrapping policy in India is the government’s initiattive to decrease pollution, enhance road safety, and enhance the condition of the automobile industry. This policy will not only help increase the demand for new vehicles but also ensure that the emission levels are better controlled. To scrap the vehicles, visit Wortech RVSF Rajasthan’s 1st RVSF approved by Department of Transport, Rajasthan & Ministry of Road Transport & Highway (MoRTH) Govt of India.
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