Aman AhmedAugust 13, 2021 15:04:51 IST
In its preparations since 2015, India’s National Automobile Disposal Policy was officially announced today on August 13, 2021. At the Investor Summit in Gandhinagar, Gujarat, Indian Prime Minister Narendra Modi announced a national car abandonment policy in front of Nitin Gadkari. , Minister of Road Transport and Highways, Prime Minister of Gujarat Vijay Rupani. In his presentation, Gackari stated that vehicle disposal policy is a step required by India’s commitment to the Paris Agreement. It also aims to provide the long-awaited boost to the country’s automotive and manufacturing sectors.
Why do you need a vehicle disposal policy?
To promote clean mobility, it is necessary to reduce the country’s fuel import bill, and at present there is an urgent need to reduce emissions. Gadkari noted that multiple crore vehicles on Indian roads contribute significantly to higher levels of pollution and that fuel economy tends to decline as life approaches. In addition, he pointed out that such vehicles are also inherently unsafe and can pose a threat to occupants and other road users.
Vehicle disposal helps to phase out non-conforming and contaminated vehicles in an environmentally friendly manner.Our purpose is to create something feasible # Circular economy & Bring value to all stakeholders while taking responsibility for the environment.
— Narendra Modi (@narendramodi) August 13, 2021
What does the Vehicle Disposal Policy propose?
Voluntary Vehicles-Under the Fleet Modernization Program (VVMP), the government will install 450-500 automated vehicle fitness test stations across India on a public-private partnership (PPP) basis involving private companies and state governments. I am planning to do that. A total of 60-70 vehicle disposal centers will also be built, and Gackari says it will be located 150-200 kilometers from any part of India. A total of seven agencies, including six from Gujarat and one from Assam, have signed a Memorandum of Understanding (MoU) with the government today on this project.
The disposal policy leaves the vehicle owner with the choice of disposal, and Gackari states that automated testing focuses on vehicle suitability, not vehicle age. Private cars older than 20 years are required to take a fitness test at an estimated cost of 300-400 rupees per test. A “green tax” is levied on vehicles that pass the automated test. This will require the owner to collect an additional 10% to 25% of the road tax and pay a re-registration fee when renewing the vehicle’s fitness certificate. .. However, if you choose to drive a vehicle that does not pass the automated tests, you will be subject to considerable penalties and such vehicles may also be detained.
When will the vehicle disposal policy come into effect?
The implementation of the vehicle disposal policy in India is still a while away. Initially, large commercial vehicles will need to take the fitness test from April 1, 2023, but from June 1, 2024, all other types of vehicles will be required to take the fitness test in stages.
What are the benefits of vehicle owners disposing of their vehicles?
When the vehicle is scrapped, the owner receives 4-6% of the old vehicle’s pre-showroom price and a proof of disposal. This gives individuals a 25% road tax refund and a registration fee exemption. There is also a 5% discount on pre-showroom costs for new cars offered by automakers. This basically makes new cars cheaper for those who dispose of old cars, with discounts ranging from 30,000 rupees (for 6 rupee cars) to 50,000 rupees (for 10 rupee cars). There is a possibility.
The government predicts that over a period of time, scrapping old vehicles and replacing them with new ones will bring significant financial benefits to drivers, in addition to reducing emissions and improving fuel efficiency. Road Transport and Highway Secretary Giridhar Aramane initially estimates that owners of old compact sedans can benefit from up to 1.15 rupees in three years by discarding their vehicles and buying new ones. doing. From reducing fuel and maintenance costs.
What are the other benefits of a vehicle disposal policy?
The National Automobile Scrappage Policy will attract more than Rs 100 billion in investment and create 50,000 jobs in the country. Gackari explained that proper recycling of raw materials from scrap can reduce imports of materials such as aluminum, copper and steel. Raw material costs are estimated to be reduced by as much as 40%, as up to 99% of the materials used in vehicles can be recycled. This will make automaker components cheaper and increase GST revenues of Rs 30,000-40,000 for both state and central governments.
In addition, the materials required for local production of lithium-ion batteries used in electric vehicles may be extracted from the disposal of old vehicles, which may boost the growth of the EV business.
National Automobile Waste Policy and What It Means for Indian Car Owners-Technology News, Firstpost
Source link National Automobile Waste Policy and What It Means for Indian Car Owners-Technology News, Firstpost