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Scrappage policy to be out for Public comments by November 15

The policy for voluntary scrapping of old vehicles is expected to spell out disincentives for older vehicles, including manifold increase in re-registration fee of old vehicles. The guidlines issues on October 15th call for formalising the vehicle...

, ET Bureau|
Oct 31, 2019, 08.06 PM IST
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The ministry has laid now criteria pertaining to capacity, location, scrapping procedure, environmental clearances, among others, that will be required for setting up one of these units.
NEW DELHI: The government has firmed up a policy for scrappage of old vehicles and the same will be circulated for public comments in two weeks' time, the finance ministry said on Thursday.

This comes soon after the transport ministry which is steering the policy, issued guidelines for setting up vehicle scrapping centres in the country.

The finance ministry on August 23rd said that the government would soon issue a scrappage policy that will help boost demand for new vehicles, and help the automobile sector counter its worst slowdown in two decades.

"Scrappage policy has been formulated and circulated for comments of stakeholders/general public by 15.11.2019," the finance ministry said in a statement issued Thursday evening.

The policy for voluntary scrapping of old vehicles is expected to spell out disincentives for older vehicles, including manifold increase in re-registration fee of old vehicles.

A draft notification from the transport ministry issued earlier this year has proposed that renewal of registration of internal combustion engine (ICE) cars be increased from Rs 600 at present to Rs 15,000.

ET was the first to report on October 3rd that the transport ministry would soon issue guidelines for setting up vehicle scrapping centres as it prepared ground for the scrappage policy.

The guidlines issues on October 15th call for formalising the vehicle scrapping market in India which is unorganised at present.

The ministry has laid now criteria pertaining to capacity, location, scrapping procedure, environmental clearances, among others, that will be required for setting up one of these units.

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