According to a statement released by the government, the tax rebate will vary depending on the type of vehicle purchased: a 20% rebate will be provided for non-commercial CNG and petrol vehicles, 15% for commercial CNG and petrol vehicles, and 10% for diesel vehicles.

The scheme, designed to encourage the use of vehicles with updated emission standards, will soon be formally notified. To benefit from the scheme, vehicle owners must obtain a scrapping certificate from a registered facility and present it when registering their new vehicle within three years of scrapping their old one. (Business Standard)