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What is India’s Vehicle Scrappage Policy 2021?
The Vehicle Scrappage Policy 2021 introduced by the Government of India offers a practical pathway for retiring old cars that no longer meet the current emission or fitness standards. This policy encourages car owners to voluntarily scrap their outdated vehicles in exchange for several incentives. These benefits include financial rebates, significant reductions on road tax, and discounts on new vehicle purchases, all aimed at promoting the adoption of newer, more environmentally-friendly vehicles.
Once a scrap vehicle is brought to an authorised scrapyard, it is dismantled meticulously. The materials are then recycled, ensuring environmental sustainability. This not only aids in reducing vehicular pollution but also supports the economy by stimulating demand in the automotive sector.
By opting into this policy, car owners can enjoy economic advantages while contributing to a cleaner environment and safer roads
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