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 Transport

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Next Story
Real Estate

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Next Story
Building Material

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement