Auto Industry Backing Governments Plan to Retire Old Vehicles

Governments plan to retire old vehicles of 15 years and above is a news of past, it is currently working on planning an incentive scheme to excite owners to voluntarily retire their old vehicles. Now the auto industry is also baking the government’s decision by offering direct discounts over above government’s incentive scheme.

Government as per latest reports is awaiting a final plan of action from its authorized agency for retiring old vehicles. A person who opts to retire his vehicle will get a certificate from registered scrapyards, which could be used to avail incentives (such as tax rebates) from the government.

Meanwhile respecting the demand from the government the automobile industry will also be offering additional benefits over and above the government incentives like discount on purchase of new vehicle if a person provides the certificate of scrapping to the dealer.

This new move is intended to enable the entry of cleaner vehicles on the roads that emits less pollution when compared to the old ones. Also the move when implemented will also increase the demand for new vehicles all around the country as large number of people will opt to change their old car amid the incentives they will be getting.

As per the words of the ministry officials the policy will still take around 6 months to get implemented in full swing.

While the policy is still a work in progress you can in the meanwhile sell your used vehicles at Shriram Automall anywhere in India. The company follows an easy process to buy or sell used vehicles in India through their transparent bidding platforms.