India's Vehicle Scrappage Policy: All you need to know

[{"selector":"#anim-9cbfd07c-fc45-41b7-8a65-5a3fc4f24228","keyframes":{"transform":["translate3d(0px, 215.74515%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] India’s Vehicle scrappage policy: All you need to know

[{"selector":"#anim-682c0458-1dea-4b2d-9e07-5174d78659da","keyframes":{"transform":["translate3d(-108.19208%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Union minister Nitin Gadkari announced the much-awaited Vehicle scrappage policy

[{"selector":"#anim-8d388eb7-f57e-4858-a9d8-b4b429f07a45","keyframes":{"transform":["translate3d(0px, -274.82855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Benefits of the new vehicle scrappage policy?

[{"selector":"#anim-54a1b4d7-9acf-46b2-a5bd-b41c6ce9261e","keyframes":{"transform":["translate3d(0px, 235.44687%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Recycling will reduce the cost of components for the automobile industry

[{"selector":"#anim-487d2f0c-fd48-490e-9044-8cc7edfce460","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] States can now provide discounts while registering new vehicle

[{"selector":"#anim-f4abfd3b-b1bc-429e-ac38-bb9886abe33f","keyframes":{"transform":["translate3d(0px, 209.28606%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] State govt will offer a road tax rebate of up to 25% for personal and 15% for commercial vehicles

[{"selector":"#anim-9002c134-14f8-475c-9d30-c5a29635bc6e","keyframes":[{"transform":"scale(1)","offset":0},{"transform":"scale(0.95)","offset":0.25},{"transform":"scale(1.05)","offset":0.75},{"transform":"scale(1)","offset":1}],"delay":0,"duration":600,"easing":"cubic-bezier(0.3, 0.0, 0.0, 1)","fill":"both","iterations":1}] Why this policy?

[{"selector":"#anim-5906aabf-02fa-4bea-84c3-88441404f045","keyframes":{"transform":["translate3d(0px, 250.96215%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] To limit the pollution of old vehicles and help in achieving better fuel efficiency

[{"selector":"#anim-d71db6d9-d888-4dc2-998c-b7ae28227f81","keyframes":{"transform":["translate3d(0px, -291.12655%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] More benefits of vehicle scrappage policy

[{"selector":"#anim-d1d722e5-70dd-4677-a49a-e5dbecedbca0","keyframes":{"transform":["translate3d(0px, 339.54509%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Customers will get the old scrap value for the old vehicle

[{"selector":"#anim-b2f44d42-871b-4615-bae2-afb597618c41","keyframes":{"transform":["translate3d(-112.76595%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Manufacturers will provide a discount of 5% on buying new vehicles

[{"selector":"#anim-756144b0-d9df-42df-8ae6-afa6f2e6038c","keyframes":{"transform":["translate3d(0px, -284.34049%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Vehicles that are 15 years old will be automatically scrapped

[{"selector":"#anim-8a85f671-7b16-42ea-be18-ce44a4c507a6","keyframes":{"transform":["translate3d(0px, 162.30729%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 51 lakh light motor vehicles are 20 years old 34 lakh light motor vehicles are 15 years old [ Nitin Gadkari]