Gujarat: Scrappage policy to boost new car, CV sales, say dealers

by

After theUnion ministry of road transportand highways (MoRTH) launched the new vehicle scrappage policy, car dealers believe it will help boost the sale of new cars as well as commercial vehicles. The new policy comes with a slew of incentives such as waiver of registration fee of the purchased vehicle, scrap value and road tax rebate, getting a 10-year old vehicle scrapped after a

Join Our Telegram Channel
47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
certain period becomes an attractive proposition. Dealers have projected a series of long-term benefit of such a policy.

There are provisions proposed for a DISCOUNT on new cars against a vehicle scrappage certificate, which go up to 4-5% of the ex-showroom cost of the vehicle. This will certainly boost demand for new vehicles in both commercial as well as passenger vehicle segment.