The Government of India is considering offering motivating forces to automobile owners of more than 10 years old for surrendering their old vehicles.

The plan could see individuals get advantages of up to Rs. 1.5 lakh in the wake of considering tax exemptions, and so on for scrapping vast vehicles, for example, trucks. For smaller cars, discounts of up to Rs. 30,000 could be advertised. This new arrangement will be material to vehicles more than 10 years old crosswise over India.

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Under the new plan, on scrapping an old auto, the proprietor will get a testament that will qualifies him for a rebate of up to Rs. 50,000 on the buy of another vehicle. The administration is wanting to set up around 10 industial units close ports, which will acknowledge old vehicle, give endorsements and reuse vehicles from India and abroad.

The National Green Tribunal (NGT) has banned utilizing of diesel vehicles which are over ten years of age in the NCR. The move from the Government of India comes forth as a welcome move in a day and age when pollution is constantly on the rise. The discount offerings would surely motivate many vehicle owners to participate and take advantage of the scheme.

We’ll keep you updated if and when the scheme becomes operational. The Government is further urging OEMs to move to Euro 6 norms at a fast pace too.

 
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Also see: 15-year old petrol & 10-year old diesel vehicles ban put on hold!