Auto majors agree to provide discounts on purchase of new vehicles against scrappage certificate
PTI, Aug 27, 2024, 3:19 PM IST
Representative image (Source: Pexels)
New Delhi: Ahead of the festive season, several leading commercial and passenger vehicle manufacturers have agreed to offer discounts on new vehicle purchases against scrapped old vehicles, an official statement said on Tuesday.
The statement further said this initiative is a significant step forward in advancing India’s circular economy, promoting the use of cleaner, safer and more efficient vehicles.
Union Road Transport and Highways Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
“During this interaction, responding positively to the advice of Hon’ble Minister RT&H and recognising the importance of Fleet Modernisation and Circular Economy, multiple Commercial Vehicle Manufacturers and multiple passenger vehicle manufacturers have agreed to offer discounts for a limited period against a certificate of deposit (Scrappage Certificate),” the statement said.
It said commercial vehicle manufacturers are willing to offer discounts for a limited period of two years and passenger vehicle manufacturers are willing to offer discounts for a limited period of one year.
The statement noted that these discounts will further incentivise the scrapping of vehicles, thereby ensuring the plying of safer, cleaner and more efficient vehicles on the roads.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Vintage to avant-garde: International Autoshow is back with its 3rd edition in Bengaluru
Warivo forays into high-speed e-scooter segment, eyes Rs 120 cr topline in FY25
Uber reintroduces upscale category ‘Uber Black’ starting with Mumbai
Tata Motors cuts price of EV range by up to Rs 3 lakh
Govt working on policy for scrappage of vehicles based on pollution, not age: Official
MUST WATCH
Latest Additions
After Shimla, protests in Mandi over unauthorised construction in mosque; police use water cannons, CM appeals for peace
Karnataka retains Senior National Aquatic Championships title
Karnataka govt trying to curb Hindu festivals, alleges MP Kota Srinivas Poojary
6 weeks after pregnancy too short to achieve requisite fitness for appointment in CAPFs: Delhi HC
Gastro problems could heighten Parkinson’s disease risk by 76%: Study
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.