Government Offers More Incentives for Scrapping BS-II, Older Vehicles
ECONOMY & POLICY

Government Offers More Incentives for Scrapping BS-II, Older Vehicles

In a bid to phase out high-polluting vehicles, the Ministry of Road Transport and Highways (MoRTH) has proposed doubling the rebate on Motor Vehicle tax to 50% for individuals purchasing new vehicles after scrapping BS-II or earlier emission standard vehicles. Currently, the rebate stands at 25% for personal vehicles and 15% for commercial vehicles. 

According to the draft notification issued on January 24, the enhanced 50% rebate will apply to all vehicles, both personal and commercial, that comply with BS-I standards or were manufactured before the introduction of Bharat Stage (BS) norms. It also extends to BS-II medium and heavy vehicles used for private or transport purposes. 

The BS-I emission norms were introduced in 2000, followed by BS-II in 2002. To address pollution concerns, the government launched the Voluntary Vehicle Modernisation Program (Vehicle Scrapping Policy), aiming to establish an ecosystem for retiring unfit vehicles through Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs). 

As of now, over 60 RVSFs are operational across 17 states and Union Territories, with more than 75 ATSs in 12 states. Additional facilities are under development to expand the program’s reach and efficiency in reducing vehicular emissions nationwide. 

(ET)                                

In a bid to phase out high-polluting vehicles, the Ministry of Road Transport and Highways (MoRTH) has proposed doubling the rebate on Motor Vehicle tax to 50% for individuals purchasing new vehicles after scrapping BS-II or earlier emission standard vehicles. Currently, the rebate stands at 25% for personal vehicles and 15% for commercial vehicles. According to the draft notification issued on January 24, the enhanced 50% rebate will apply to all vehicles, both personal and commercial, that comply with BS-I standards or were manufactured before the introduction of Bharat Stage (BS) norms. It also extends to BS-II medium and heavy vehicles used for private or transport purposes. The BS-I emission norms were introduced in 2000, followed by BS-II in 2002. To address pollution concerns, the government launched the Voluntary Vehicle Modernisation Program (Vehicle Scrapping Policy), aiming to establish an ecosystem for retiring unfit vehicles through Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs). As of now, over 60 RVSFs are operational across 17 states and Union Territories, with more than 75 ATSs in 12 states. Additional facilities are under development to expand the program’s reach and efficiency in reducing vehicular emissions nationwide. (ET)                                

Next Story
Real Estate

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Next Story
Real Estate

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Next Story
Infrastructure Energy

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement