Vehicle owners will be offered tax concessions equivalent to 25% of motor vehicle tax on non-transport vehicles, and 15% in the case of transport vehicles, under the policy.
Private vehicles have to go to RTO for re-registration when they are 15 years old. They have to take a fitness test. If they fail, the vehicle has to be scrapped.
The government of India recently announced its old car scrappage policy. Under this policy, old end-of-life car owners are being provided incentives to get their cars scrapped.
NEW DELHI: The automobile manufacturers may have to mandatorily use 20% recycled metals from scrapped vehicles in production of new ones from 2026-27 and 30% from 2028-29.
Vehicles will not just be scrapped by their age, but also if they are found to be unfit in automated testing, the PM said. Prime Minister Narendra Modi launched the Voluntary.