New vehicles registered against scrapped ones to get road tax rebate
ROADS & HIGHWAYS

New vehicles registered against scrapped ones to get road tax rebate

The state governments and union territory administrations will have to give rebates in road taxes, 15% for commercial vehicles and 25% for personal vehicles from April 2022 for the new vehicle's registration against the scrapped ones.

The Ministry of Road Transport and Highways has issued a notice with the provision aimed at encouraging people to scrap their old polluting vehicles.

As per the official notification, the concession of road taxes will be available for eight years for commercial vehicles and 15 years for personal vehicles. Road Transport and Highways Minister Nitin Gadkari announced the scheme on 17 August.

According to the sources, the states will have the freedom to offer a concession. It will bring more registrations of new vehicles, and the state will not lose any revenue for giving the discount.

The government has also notified a complete waiver of the registration fee for buying new vehicles in place of the old ones. Although the registration fee is not high, it will be another soft incentive for scrapping old vehicles.

The Ministry of Road Transport and Highways has urged the vehicle manufacturer to offer a 5% discount on new vehicles against producing a valid scrapping certificate.

Image Source

Also read: Govt makes new announcements on vehicle scrappage policy

The state governments and union territory administrations will have to give rebates in road taxes, 15% for commercial vehicles and 25% for personal vehicles from April 2022 for the new vehicle's registration against the scrapped ones. The Ministry of Road Transport and Highways has issued a notice with the provision aimed at encouraging people to scrap their old polluting vehicles. As per the official notification, the concession of road taxes will be available for eight years for commercial vehicles and 15 years for personal vehicles. Road Transport and Highways Minister Nitin Gadkari announced the scheme on 17 August. According to the sources, the states will have the freedom to offer a concession. It will bring more registrations of new vehicles, and the state will not lose any revenue for giving the discount. The government has also notified a complete waiver of the registration fee for buying new vehicles in place of the old ones. Although the registration fee is not high, it will be another soft incentive for scrapping old vehicles. The Ministry of Road Transport and Highways has urged the vehicle manufacturer to offer a 5% discount on new vehicles against producing a valid scrapping certificate. Image Source Also read: Govt makes new announcements on vehicle scrappage policy

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code