NEW DELHI: Union minister Nitin Gadkari on Thursday introduced the a lot awaited automobile scrappage coverage in Lok Sabha.
“We’ve issued an advisory to all automobile producers to supply 5 per cent low cost whereas promoting a brand new automobile in opposition to a scrapping certificates,” the minister mentioned.
Stating it to be a win-win coverage for scrapping outdated automobiles, the transport minister mentioned that recycling will cut back value of parts for the car business.
States may provide low cost on registration and highway tax for getting new automobiles in opposition to the scrapped one, he added.
Gadkari additionally emphasised that work is underway to introduce schemes that may make India the world’s largest car hub within the subsequent 5 years.
On implementation of FASTag, the minister knowledgeable that the present toll assortment system shall be scrapped in a 12 months and FASTag shall be applied utterly.
Whereas presenting the price range for 2021-22 in Parliament, Sitharaman had mentioned that underneath voluntary automobile scrapping coverage, private automobiles would bear a health check after 20 years whereas business automobiles would require it after completion of 15 years.
“Autos would bear health exams in automated health centres after 20 years in case of private automobiles, and after 15 years in case of business automobiles. Particulars of the scheme shall be individually shared by the ministry,” the finance minister had mentioned.