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Blog / 05 Apr 2021

(Video) Rajya Sabha TV (RSTV) Policy Watch: Vehicle Scrapping Policy

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(Video) Rajya Sabha TV (RSTV) Policy Watch: Vehicle Scrapping Policy

Topic: Vehicle Scrapping Policy

Expert Panel:

  • Amit Varadan, (Joint Secretary, Ministry of Road Transport & Highways)
  • Rajeev Kapur, (Managing Director, Steel bird Group)

Topic Description:

In the interest of a clean environment and rider and pedestrian safety, the Ministry of Road Transport and Highways is introducing the Voluntary Vehicle-Fleet Modernization Program or “Vehicle Scrapping Policy” which is aimed at creating an Eco-System for phasing out of Unfit and Polluting Vehicles. As per the draft, the road tax concession will be for a period of eight years for commercial vehicles, and 15 years for passenger vehicles from the date of registration. The ecosystem is expected to attract additional investments of around Rs. 10,000 Crore and 35,000 job opportunities. With a simplified registration process through a single window, the scrapping facility shall have to comply with environmental and pollution norms and with all applicable acts of law.

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Courtesy: RSTV