Section

More sops to boost scrapping of old vehicles in works

By Economic Times - 10 hours ago
India plans to extend more incentives for scrapping old vehicles due to poor response from owners. A review of the vehicle scrapping policy is underway to identify additional incentives. The unorganised sector offers better value, making it harder for registered scrapping facilities to compete. Options include raising rebates on registration charges and offering discounts on new vehicles.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.