Scrappage Policy

But only if you live in Delhi, and not every kit maker is free to install an EV battery and more in your car.

The Green Pivot | Scrappage policy: road to a new automotive ecosystem

Scrapping vehicles requires huge investments in infrastructure for evaluation, testing, scrappage and reuse

Have urged Tesla to start manufacturing in India as early as possible: Union minister Nitin Gadkari

Gadkari said he had spoken to the management of Tesla and had assured them that the government would help them set up industrial clusters in the country.

Govt proposes up to 25% tax concession on new vehicles if owners submit scrappage certificate

As per the draft notification issued by Ministry of Road Transport and Highways today, personal vehicles purchased with a certificate of vehicle scrapping will be given a concession of 25 percent on motor vehicle tax, while commercial vehicles will be given a concession of 15 percent.

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Craftsman Automation is a leading engineering company. Its shares got listed on the bourses at Rs1,359, which was at an 8 percent discount to the upper end of the IPO price band. The weak listing was also due to poor market sentiments. However, the demand picked up post listing and price is up 4 percent from the listing price. Watch the video to know whether investors should look at buying the stock at the market price or sell the share they got from the IPO allocation?

Vehicle scrappage policy: Sharekhan and ICICIDirect pick their favourite stocks

Experts say the 'Voluntary Vehicle-Fleet Modernisation Program' will help the entire value chain of commercial vehicles, including OEM players, tyre makers and ancillaries

Scrappage policy big positive for auto sector, will boost demand: Nirali Shah of Samco Securities

While Shah says it is better to wait for the actual policy details to assess the true impact on the industry, she expects Ashok Leyland and M&M to be the biggest beneficiaries of the scrappage policy.

Vehicle scrapping policy will be 'win-win' policy; to help reduce pollution: Nitin Gadkari

Making a statement regarding vehicle scrapping policy in the Lok Sabha, the Road Transport, Highways and MSMEs Minister said the policy will also lead to an increase in the country’s automobile industry turnover to Rs 10 lakh crore from the current Rs 4.5 lakh crore.

Govt proposes to increase re-registering fee of 15-year-old vehicles

The government has proposed to increase the fees for two-wheelers older than 15 years to Rs 1,000, whereas the charge for renewal and grant of fitness certificate of three-wheeler or quadricycles has been set at Rs 3,500. Meanwhile, the charge for light motor vehicles has been set at Rs 7,500.

Exclusive | Centre may unveil vehicle scrappage policy next week

Under the new scrappage policy, each state will have a model vehicle fitness centre.

EXCLUSIVE | Car makers seek quick rollout, heavy customer incentives under scrappage policy

Both industry experts and automobile companies said that the Vehicle Scrappage Policy is seen as the much-needed boost to revive sales in the Indian market, as sales took a hit again in January and February.

Weekly Tactical Pick | MSTC

Along with the commercial vehicle (CV) players, MSTC will be a key beneficiary of the scrappage policy

IndoStar Capital Finance Q3 net jumps multi-fold to Rs 24 crore

The company's net revenues from operations, however, fell 16 per cent to Rs 157 crore as against Rs 186 crore in Q3 FY20

Vehicle scrappage policy at last, but the devil is in the detail

A voluntary scheme is unlikely to work unless incentives are really high

Budget 2021 | Fitness testing, certification of old vehicles should take place at earlier intervals: SIAM

The industry body also raised concerns over the increase in customs duty on certain imported vehicle components, saying it could lead to increase in production cost of automobiles.

All eyes on S&P BSE Auto index stocks after scrappage policy approval

Commercial vehicle industry will be the biggest beneficiary; move aimed at slashing vehicular pollution

Scrappage policy approved, to come into effect from April 2022

The Ministry of Road Transport and Highways, in its vehicle scrappage policy released on January 25, approved the scrapping of government vehicles older than 15 years

Scrappage policy may be a part of Budget 2021-22: Report

On July 26, 2019, the government had proposed amendments to motor vehicle rules to allow the scrapping of vehicles older than 15 years in a bid to spur the adoption of electrical vehicles.

As hopes of government sops wane, auto investors stare at bleak prospects

SIAM’s repeated requests to the government for a temporary 10 percent cut in GST across auto segments, are justified. Also, an incentive-driven scrappage policy and procurement programme for diesel/CNG business by state transport undertakings could spur sales and alleviate tepid demand

Scrappage policy: As PMO returns draft note, Road Min increases axle load limit to push old commercial vehicles off road

Sources said that the government is wary of taking any decision that is “hard on the industry”

Cabinet nod for Scrappage Policy soon; proposal to cap commercial vehicles’ age at 20 years

The draft note has three points in focus related to age of commercial vehicles, a separate policy governing scrapping the vehicle and finding environment friendly ways of scrapping

Replaced commercial vehicles under Vehicle Scrappage policy expected to be taxed at 18 percent

At present, commercial vehicles meant to carry goods or more than 10 persons for commercial purpose are put under the highest tax bracket of 28 percent

Expect zero percent GST on sale of old commercial vehicles: Nitin Gadkari

As per the vehicle scrappage policy, the Centre intends to phase out commercial vehicles that are at least a decade old and do not comply with current Bharat Stage emission norms

Road Min considering ‘Bharat Stage compliance’ as scrapping parameter; may soon phase out non-BS compliant commercial vehicles

Government may start scrapping commercial vehicles that have been operational for more than 20 years

COMMENT: Watch for Wabco while it is still weak

Amid the scrappage policy approval for old trucks and buses, let's take a look at Wabco India's ability to maintain competitive advantages.