Nitin Gadkari Announces New Discounts On Vehicle Scrappage Policy

Published: 28 August 2024
on channel: Mint
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New Discount on Vehicle Scrappage Policy | Nitin Gadkari On Vehicle Scrappage Policy | Nitin Gadkari Latest Announcement on Vehicle Scrappage

Nitin Gadkari, minister of Road Transport & Highways, has said that several commercial and passenger vehicle manufacturers will offer discounts for buying new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit.owing to this, auto majors are likely to offer a 1.5-3.5% discount to buyers who scrap their old vehicles to buy a new one

In the context of the upcoming festive season, these discounts are expected to further boost automobile sales and further incentivise the Centre’s Scrappage Policy.

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