New scrappage policy for 15-year old vehicles soon: Nitin Gadkari

20 Jan 2021 Editorial Team

Nitin Gadkari, Union Minister for Road Transport and Highways, claimed that the government is expected to approve the new scrappage policy for 15-year old vehicles soon.

The proposal for the amendment to the motor vehicle norms was first introduced in July 2019 to expedite the adoption of electric vehicles (EVs) in the country.

The new policy will not only include cars but also buses and trucks that are 15 years or older.

The minister claimed that the new policy would bring down the prices of automobiles and also transform the nation into an automobile hub. The reduction in prices will be aided by the use of recycled materials from older cars.

Earlier this week, reports suggested that the new policy might feature in the Union Budget for the upcoming fiscal year. Finance Minister Nirmala Sitharaman had claimed that a policy for the scrapping of old vehicles was in motion and is to be announced after the concerned ministries "fine-tune" it.

Also read: SOS: Defer BS-IV and bring in Vehicle Scrappage!

Also read: Auto Scrappage Policy soon: Will CV market dynamics change?

Image Source: Youtube/ Sagar Sawant

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..