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

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

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

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

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?