2024 Vehicle Scrappage Policy: Get Rs 20,000 Discount When You Buy a New Car

After a recent meeting with SIAM and its members, the Ministry of Road Transport and Highways (MoRTH) announced that several automakers have agreed to offer significant discounts on new car purchases to promote the scrapping of older vehicles. As per the press statement released by the MoRTH, commercial and passenger vehicle manufacturers have…

August 30, 20240Comments

ByNikhil Ramchandani

Car News

Maruti Suzuki And Toyota Start Their Vehicle Scrapping And Recycling Unit In India

Maruti Suzuki Toyotsu India Private Limited (MSTI), a joint venture between the Maruti Suzuki and Toyota Tsusho Group, has started their first End-of-Life Vehicles (ELVs) scrapping and recycling unit in India. Also Read: MoRTH Proposed New Safety Rules For Riding With Children Below 4-Years Located in Noida (Uttar Pradesh), this 10,993 sq meter facility can scrap and recycle over…

November 24, 20210Comments

ByNikhil Ramchandani

Car News

PM Narendra Modi Launched The Vehicle Scrappage Policy

Prime Minister Narendra Modi has launched the Voluntary Vehicle Fleet Modernisation Programme (commonly known as the Vehicle Scrappage Policy). The launch announcement was made during his virtual address at the Investor Summit in Gujarat. The new policy will help in phasing out the unfit and polluting vehicles from the road. In a series of tweets, the Prime Minister…

August 13, 20210Comments

ByNikhil Ramchandani

Car News

Vehicle Scrappage Policy – All You Need To Know About

Nirmala Sitharaman, the Finance Minister of India had announced the vehicle scrappage policy during her speech in the 2021 budget session. Now, the Transport Minister, Nitin Gadkari has revealed more details of the scheme. Here are all the things that you need to know about this much-awaited scrapping policy: - The vehicle scrappage policy aims to…

March 19, 20210Comments

ByNikhil Ramchandani

Car News

Union Budget 2021: Highlights For The Automobile Industry

The union budget for the financial year 2021-22 were announced yesterday by our finance minister Nirmala Sitharaman. A lot of expectations were left out in the accounts. But in the expert's opinion, the budget was essentially centered on bringing the economy back to normal which was already severely affected by the recession, and then the COVID-19 epidemic…

February 2, 20210Comments

ByNikhil Ramchandani

Car News

Budget 2021: Finance Minister Sitharaman Announced Vehicle Scrappage Policy

India's Finance Minister Nirmala Sitharaman has officially announced a voluntary vehicle scrapping policy in the Union Budget 2021 to phase out the old & unfit vehicles. This will help in disposing of polluting vehicles running on the roads and encourage the sales of new vehicles in the country. The specifics about the vehicle scrappage policy will be separately announced…

February 1, 20210Comments

ByNikhil Ramchandani