+
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

Next Story
Infrastructure Energy

Reliable Energy Storage Vital for 24/7 Renewable Power: TKIL

Reliable, scalable, and efficient energy storage systems are essential to ensuring uninterrupted renewable energy supply, said engineering firm TKIL Industries at the India Energy Storage Week (IESW) 2025.India aims to achieve 500 GW of renewable energy capacity within the next five years.Speaking at IESW, organised by the India Energy Storage Alliance (IESA), Vivek Bhatia, Managing Director and CEO of TKIL Industries, emphasised that the country’s energy sector is experiencing a major transformation. This shift is being driven by innovations in storage technology, aimed at improving grid re..

Next Story
Infrastructure Energy

IIT Madras, Hyundai Launch £17m Hydrogen Research Centre

The Indian Institute of Technology Madras (IIT Madras) and Hyundai Motor India Ltd (HMIL) have announced the establishment of the Hyundai HTWO Innovation Centre, a cutting-edge hydrogen research facility set to begin operations by 2026.The Rs 180 crore (approx. £17 million or USD 21.5 million) project will be located at IIT Madras' Discovery Campus in Thaiyur, near Chennai. Of the total, Rs 100 crore (approx. £9.4 million) has been committed by HMIL and its philanthropic arm, Hyundai Motor India Foundation (HMIF), with support from the Government of Tamil Nadu and its investment promotion ag..

Next Story
Infrastructure Energy

India’s Hydrogen Demand to Hit 8.8 MTPA by 2032: IESA Report

India’s hydrogen demand is projected to grow at a compound annual growth rate (CAGR) of 3 per cent, reaching 8.8 million tonnes per annum (MTPA) by 2032, according to a report released by the India Energy Storage Alliance (IESA).Unveiled on the first day of the India Energy Storage Week (IESW) 2025, the report points out a gap between ambitious project announcements and actual progress. While green hydrogen (GH₂) projects totalling 9.2 MTPA have been announced, only a limited number have reached Final Investment Decision (FID) or secured long-term domestic or international offtake agreemen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?