NEW DELHI: The government is very likely to raise the registration renewal price for individual vehicles and the exercise certification rate for professional vehicles, in a bid to discourage outdated vehicles from plying on the highway.
The raise in these charges will be portion of the car scrapping plan announced in the finances for fiscal 2022, a senior government formal advised ET.
On Monday, finance minister Nirmala Sitharaman announced a voluntary car scrapping plan, to period out outdated and unfit vehicles. “This will support in encouraging gas-economical, natural environment-welcoming vehicles, therefore reducing vehicular pollution and oil import bill,” Sitharaman explained.
Although finer information are envisioned to be quickly issued by the Ministry of Road Transportation and Highways, the finance minister explained vehicles would endure exercise exams in automatic centres immediately after 20 decades in the situation of individual vehicles and immediately after 15 decades in the situation of professional vehicles.
Senior officials ET spoke with explained an raise in the charges for re-registration and exercise certification is being prepared for individual and professional vehicles.
“The re-registration of vehicles will raise,” an formal aware of the deliberations explained. “The hike will be unique for unique classes of vehicles, and medium to large professional vehicles are to facial area the strictest raise,” the formal explained, inquiring not to be determined. The last slabs for unique classes are nonetheless being discussed.
