New Vehicle Scrap Policy 2023 | Re-registration Rule For 15Years Old Private & Commercial Vehicles.
#Newscrappolicy2023
The Union Budget for 2023-2024 has laid special emphasis on vehicle scrapping policy by allocating adequate funds to replace vehicles that are over 15 years.
The move has been hailed by the automobile manufacturers as it would provide a significant opportunity for fleet modernisation and reduce fossil fuel consumption to a great extent.
While presenting the Union Budget on Wednesday, Finance Minister Nirmala Sitharaman said all State and Central government-owned vehicles including buses owned by transport corporations and public sector undertakings that have been on the road for over 15 years will be scrapped.
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