AP awaits Rs 1.50 billion central aid to scrap old vehicles
ECONOMY & POLICY

AP awaits Rs 1.50 billion central aid to scrap old vehicles

The government of Andhra Pradesh is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles.

When presenting the Union Budget 2023-24 in the Lok Sabha in New Delhi, Union Finance Minister Nirmala Sitharaman stated that replacing obsolete polluting automobiles is a vital part of greening the country's economy. She promised states financial assistance for replacing obsolete automobiles. In this aspect, AP has great hopes for financial assistance from the centre.

Earlier, the union road transport and highways ministry had also come up with a national automobile scrappage policy, with the provision that states and UTs will be provided up to 25 per cent rebate on road tax for vehicles purchased after scrapping the old vehicles. There had also been a proposal to provide road tax concession of up to 25 per cent for personal and non-transport vehicles and up to 15 per cent for commercial and transport vehicles. The concession will be available for up to 15 years for non-transport and eight years for transport vehicles.

The AP transport authorities say that decommissioning outdated vehicles is entirely voluntary. They stated that they have yet to determine the number of old vehicles in the state that is suitable for scrapping based on their age from the date of their initial registration with the transport department.

However, the relocation will create jobs. Furthermore, if outdated automobiles are scrapped, the state would have less traffic pollution.

Also Read
Sitharaman urges to establish guidelines for renewable energy
India to receive largest green ammonia plant from Greenko Group

The government of Andhra Pradesh is eagerly anticipating central financial help of almost Rs 1.50 billion to proceed with the state's destruction of outdated and polluting automobiles. When presenting the Union Budget 2023-24 in the Lok Sabha in New Delhi, Union Finance Minister Nirmala Sitharaman stated that replacing obsolete polluting automobiles is a vital part of greening the country's economy. She promised states financial assistance for replacing obsolete automobiles. In this aspect, AP has great hopes for financial assistance from the centre. Earlier, the union road transport and highways ministry had also come up with a national automobile scrappage policy, with the provision that states and UTs will be provided up to 25 per cent rebate on road tax for vehicles purchased after scrapping the old vehicles. There had also been a proposal to provide road tax concession of up to 25 per cent for personal and non-transport vehicles and up to 15 per cent for commercial and transport vehicles. The concession will be available for up to 15 years for non-transport and eight years for transport vehicles. The AP transport authorities say that decommissioning outdated vehicles is entirely voluntary. They stated that they have yet to determine the number of old vehicles in the state that is suitable for scrapping based on their age from the date of their initial registration with the transport department. However, the relocation will create jobs. Furthermore, if outdated automobiles are scrapped, the state would have less traffic pollution. Also Read Sitharaman urges to establish guidelines for renewable energy India to receive largest green ammonia plant from Greenko Group

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?