You may get 30% Discount on new vehicles after Auto Scrap Policy is Implemented! Read Below.

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The number of vehicles from 10 years to 15 years old is very high across the country, due to which the level of pollution in the country is increasing considerably. The government is working on an auto scrap policy to reduce rising pollution levels and remove old vehicles from the road. Under this policy, people will be encouraged to sell their old vehicles and buy new vehicles and a discount of 30 percent can be given on the purchase of new vehicles.

For example, suppose that after the implementation of the auto scrap policy, you buy a car which is worth Rs 10 lakh, then you can get a discount of around 3 lakh according to 30 percent on this car, after which the price of this car will be 7 lakh. This policy will not only help in reducing environmental pollution but will also benefit the automobile sector as automobile companies have suffered a lot due to recession and epidemic. The automobile sector is also supporting the auto scrap policy and may come into force in India soon.

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Recently, in the annual session of the Automotive Component Manufacturers Association of India (ACMA), Road Transport and Highway Minister Nitin Gadkari said that the auto scrap policy is in its last phase and will be implemented in India till next month. Gadkari had said that this policy will be implemented across the country as soon as the approval of the central government.

At present no policy is applicable to remove the old vehicles running across the country from the road and that is the reason why people drive their old vehicles on the roads despite the completion of the fixed time period. Petrol vehicles are allowed to run for a maximum of 15 years and diesel vehicles for a maximum of 10 years, but people are using the old vehicles continuously for even longer, different state governments have different policies and in most of the states the old vehicles can be given fitness certificate and extend the validity of the vehicle. To reduce pollution, the government is now going to implement an auto scrap policy.

What do you thing about this policy? Let us know in the comment section below!

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