New vehicles registered against scrapped ones to get road tax rebate
ROADS & HIGHWAYS

New vehicles registered against scrapped ones to get road tax rebate

The state governments and union territory administrations will have to give rebates in road taxes, 15% for commercial vehicles and 25% for personal vehicles from April 2022 for the new vehicle's registration against the scrapped ones.

The Ministry of Road Transport and Highways has issued a notice with the provision aimed at encouraging people to scrap their old polluting vehicles.

As per the official notification, the concession of road taxes will be available for eight years for commercial vehicles and 15 years for personal vehicles. Road Transport and Highways Minister Nitin Gadkari announced the scheme on 17 August.

According to the sources, the states will have the freedom to offer a concession. It will bring more registrations of new vehicles, and the state will not lose any revenue for giving the discount.

The government has also notified a complete waiver of the registration fee for buying new vehicles in place of the old ones. Although the registration fee is not high, it will be another soft incentive for scrapping old vehicles.

The Ministry of Road Transport and Highways has urged the vehicle manufacturer to offer a 5% discount on new vehicles against producing a valid scrapping certificate.

Image Source

Also read: Govt makes new announcements on vehicle scrappage policy

The state governments and union territory administrations will have to give rebates in road taxes, 15% for commercial vehicles and 25% for personal vehicles from April 2022 for the new vehicle's registration against the scrapped ones. The Ministry of Road Transport and Highways has issued a notice with the provision aimed at encouraging people to scrap their old polluting vehicles. As per the official notification, the concession of road taxes will be available for eight years for commercial vehicles and 15 years for personal vehicles. Road Transport and Highways Minister Nitin Gadkari announced the scheme on 17 August. According to the sources, the states will have the freedom to offer a concession. It will bring more registrations of new vehicles, and the state will not lose any revenue for giving the discount. The government has also notified a complete waiver of the registration fee for buying new vehicles in place of the old ones. Although the registration fee is not high, it will be another soft incentive for scrapping old vehicles. The Ministry of Road Transport and Highways has urged the vehicle manufacturer to offer a 5% discount on new vehicles against producing a valid scrapping certificate. Image Source Also read: Govt makes new announcements on vehicle scrappage policy

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?