Vehicle Scrap Policy

Over 11,000 vehicles scrapped till March 31 by vehicle scrapping facilities

A total of 11,025 vehicles (7,750 private and 3,275 government vehicles) have been scrapped till March 31 this year by the registered vehicle scrapping facilities, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari further said 24 states/UTs have reported 2,56,935 government-owned vehicles older than 15 years. The central government has provided incentives to state governments for implementation of the Vehicle Scrapping Policy, he added. "The scheme for special assistance to states for capital investment has been extended for the financial year 2023-24 by the government and the incentive amount to the states has been increased to Rs 3,000 crore, to incentivise scrapping of state government vehicles, which are older than 15 years, waiver of liabilities on old vehicles, providing tax concessions to individuals for scrapping of old vehicles and setting up of automated vehicle testing facilities," he ...

Govt vehicles older than 15 years to be scrapped, deregistered: Govt

Prime Minister Narendra Modi launched the National Vehicle Scrappage Policy in 2021 and had said it will help phase out unfit and polluting vehicles and also promote a circular economy

Vehicle scrappage policy: 11 states/UTs join National Single Window System

The Ministry of Road Transport and Highways (MoRTH) on Wednesday said 11 states/UTs have been onboarded onto the National Single Window System (NSWS) for Voluntary Vehicle-Fleet Modernization Program (V-VMP) to attract private investment in the vehicle scrapping ecosystem. The ministry, in a statement, further said as on November 14, 2022, applications of 117 investors who have shown interest for Registered Vehicle Scrapping Facilities (RVSF) are under process, out of which 36 applications have been approved by the respective state governments. Gujarat, Uttar Pradesh, Karnataka, Andhra Pradesh, Odisha, Madhya Pradesh, Rajasthan, Assam, Goa, Uttarakhand, and Chandigarh have been onboarded to NSWS for V-VMP, the statement added. The vehicle scrappage policy (V-VMP) has come into effect from April 1, 2022. Announced in the Union Budget 2021-22, the policy provides for fitness tests after 20 years for personal vehicles, while commercial vehicles will require it after the completion of

How to scrap an old car: Here're RTO rules for scrapping, deregistration

Nitin Gadkari says people opting for scrapping should get a discount on new vehicles

Vehicle scrappage policy in the pit lane: Where are the scrap yards?

Analysis shows that four states/Union Territories account for 57 per cent of the older vehicles in the country

Vehicle scrappage policy will promote circular economy: PM Modi

Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, saying it will help phase out unfit and polluting vehicles and also promote a circular economy. The policy will give a new identity to India's mobility and auto sector, Modi said in a video address to the Investor Summit held to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Programme. We are promoting a circular economy. The aim is to develop a sustainable and environment-friendly economy, he said. A circular economy is one where products are designed for durability, reuse and recyclability. The policy will give a new identity to India in the mobility and auto sector, Modi said. "This policy will play a major role in removing unfit vehicles from our roads in a scientific manner. It will modernise the vehicular population on our city roads, he said. The prime minister said that India should work for clean, congestion free and .

Scrappage policy will help phase out unfit, polluting vehicles: PM Modi

Prime Minister Narendra Modi on Friday launched the national vehicle scrappage policy, adding it will help phase out unfit and polluting vehicles

Vehicle scrapping plan will create jobs, lower costs: Nitin Gadkari

The move will lower the price of auto components by as much as 40 per cent, Gadkari said

Tata Motors regains Rs 1 trillion market cap as stock zooms 102% in 6 weeks

While a scrappage policy together with push on infrastructure by the Indian government should boost near term demand.

Budget in 2 minutes: 'Bad bank' gets nod, discoms to get funds & more

A new voluntary vehicle scrapping policy, to phase out old and unfit vehicles, is to be announced, to encourage fuel-efficient, environment-friendly vehicles

Top headlines: Security clearance policy for PSU privatisation, and more

The government is set to amend its security clearance policy for investors participating in privatisation or strategic divestment in PSUs. Read today's top news with Business Standard

After 'green tax' approval, govt may put vehicle scrap policy on hold

"The announcement of green tax is a step towards the scrappage policy," an official told Business Standard

Vehicle scrap policy soon; roads building worth Rs 15 trn in 2 yrs: Gadkari

The much-awaited vehicle scrappage policy is awaiting final clearance from the Union Cabinet

Vehicle scrappage policy awaiting final clearance from Cabinet, says FM

The proposed policy, once approved, will be applicable on all vehicles including two- and three-wheelers

Vehicle scrap policy to go for Cabinet nod in a month, says Nitin Gadkari

Gadkari said once the policy comes into force, various vehicle scrapping centres would be set by the Centre

Vehicle scrap policy gets nod at PMO meet: Over 20-year-old CVs to face axe

Cut off date for implementation of vehicle scrapping policy to be April, 2020; policy to go to GST Council for reduction in rate

FinMin gives nod to scrap vehicles over 15 yrs, policy to go to GST Council

The policy is aiming at curbing rising vehicular pollution in the country

Vehicle scrap policy to go to GST Council post Cabinet nod: Gadkari

V-VMP policy to push 28 million decade-old vehicles off the roads