- PM Modi has launched the National Automobile Scraping Policy.
- This policy will not only benefit the automobile companies, but the country will also become self-reliant.
- At the same time, after giving the old car in scrap, customers will also get a discount of up to 5 percent while buying a new vehicle.
Vehicle Scrappage Policy Launch: PM Modi has launched the National Automobile Scraping Policy today. PM Modi told how the scrapping policy can prove to be a very profitable deal for India. He said that this would not only give a boost to the auto and metal industry, but the workers would also benefit a lot.
PM Modi said that India had to import scrap steel worth about Rs 23 thousand crore last year. The scrapping that is happening in India till now is not productive, which leads to negligible energy recovery. Precious metal recovery is not possible at present. In such a situation, scraping based on scientific technology will be beneficial.
While launching the National Scraping Policy, PM Modi said that this will also strengthen the self-reliant India. He said that the value chain associated with auto manufacturing needs to be dependent on imports at least. In such a situation, companies should have a complete roadmap for the coming 25 years. The old practice will have to be changed and in doing so, all possible help will be given to the automobile companies by the government.
- How will people benefit from the new scrap policy?
Under the new policy, there will be a 5% discount on showing the scrapping certificate while buying a new vehicle. On scrapping the vehicle, 4-6 percent of the price will be given to the owner. Along with this, the registration fee will be waived off at the time of registration of a new vehicle.
- Will there be any benefit in road tax?
Under the new scrap policy, up to 25 percent exemption in road tax has been said for 3 years on buying a new vehicle. State governments can give up to 25 percent discount on private vehicles and up to 15 percent on commercial vehicles.
- For how many years can I drive under the new policy?
In the new scrap policy, private vehicles of diesel and petrol have been allowed to run for 20 years. If private vehicles older than 20 years fail to pass the Automated Fitness Test or do not renew the registration certificate, the registration will be automatically terminated from June 1, 2024. In case of failure in fitness, the vehicle will be scrapped. However, private vehicles will be given a chance to improve. Even after that, if it fails in fitness, then the car will have to be scrapped. From April 1, 2023, the registration of 15-year-old commercial vehicle will expire.
- How to know if the car is scrapped?
The government says that automatic test centers and scrap centers will be opened on PPP basis to scrap vehicles. If a vehicle fails to pass this automatic test, it will have to be removed from the roads or pay a heavy fine.
- How will the government benefit from the new scrap policy?
When people scrap old vehicles and buy new vehicles, then the government will get GST of about 40 thousand crores annually. This will also increase the revenue of the government.
- What will happen to vintage cars in the new scrap policy?
Vintage cars will not be included in the new policy.
- How many vehicles will be covered under this policy?
About 51 lakh Light Motor Vehicles (LMVs) older than 20 years and 34 lakh other LMVs older than 15 years will be covered under this policy. Under this, 15 lakh medium and heavy motor vehicles will also come which are more than 15 years old and currently do not have a fitness certificate.
- The car owner will get these benefits
5% discount while buying a new vehicle on showing the scrapping certificate. 4-6 percent of the price will be given to the owner on scrapping the car. Up to 25% rebate in road tax for 3 years on getting a new vehicle. Registration at the time of registration of new vehicle Fee will be waived.
After the new vehicle policy comes, it will be expensive to drive an old car, know why!