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Market forces will decide scrap vehicle prices, says Gadkari

In a written reply to the Lok Sabha, Union Minister for Road Transport and Highways, Nitin Gadkari said that there will be no government intervention for determining the fair price for a vehicle to be scrapped. The market forces will determine the fair price of the vehicle to be scrapped.The minister also noted that the Reserve Vehicle Scrapping Facility (RVSF) units, set up as private entities, are responsible for determining the price based on vehicle condition.
On compensating vehicle owners, the minister stated that while government vehicles have a reserve price determined by the Ministry of Steel, private vehicles' scrap value is decided by the market forces.To ease the economic burden on citizens, especially low-income groups, incentives are provided for scrapping vehicles. These include waiving registration fees for new vehicles purchased with a "Certificate of Deposit" issued upon scrapping.Additionally, concessions in motor vehicle tax are offered--up to 25 per cent for private vehicles and 15 per cent for commercial vehicles for buying a new vehicle.
He stated "Provided that this concession shall be available up to eight years, in case of transport vehicles, and up to fifteen years, in case of non-transport vehicles".On impounding end-of-life vehicles Gadkari said "the crackdown on end-oflife vehicles (ELVS) was resumed by Transport Department, GNCTD from October 11.2024. Since then, 2,445 vehicles have been impounded by the enforcement teams of the
Transport Department, GNCTD". This initiative targets vehicles that have exceeded their permissible age limits--10 years for diesel vehicles and 15 years for petrol vehicles in the national capital region (NCR).The minister emphasized that the vehicle scrappage policy, coupled with incentives and regulatory measures, aims to create a sustainable ecosystem to phase out older,polluting vehicles while promoting cleaner, affordable transportation options


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