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Vehicle manufacturers will offer a five percent discount while selling a new vehicle against a scrapping certificate, said Union Road Transport and Highways Minister Nitin Gadkari on Thursday, announcing the Vehicle Scrappage Policy or the Voluntary Vehicle-Fleet Modernisation Programme in Lok Sabha.
Under the new policy, owners of old vehicles will get strong incentives to scrap old and unfit vehicles. “We have issued an advisory to all vehicle manufacturers to offer 5 per cent discount while selling a new vehicle against a scrapping certificate,” he told the Lok Sabha.
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