Vehicle scrapping plan will create jobs, lower costs: Nitin Gadkari

  • Vehicles older than 15 years are not fuel efficient and also have high maintenance costs, and the scrapping policy will help overcome these problems.
Representational photo (MINT_PRINT)
Representational photo

The voluntary scrapping policy for old and unfit vehicles announced in the Union Budget for 2021 -22 will help create jobs for 25 lakh people and lower the price of auto components by as much as 40 per cent, Union Road Transport and Highways Minister Nitin Gadkari said here on Saturday.

In Wardha to attend some programmes, the minister said moves initiated by the Centre will make India an automobile manufacturing hub in five years.

Vehicles older than 15 years are not fuel efficient and also have high maintenance costs, and the scrapping policy will help overcome these problems, he added.

Also check these Vehicles

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
UPCOMING
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
View Details
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
Compare
View Offers
Mahindra S204 (HT Auto photo)
UPCOMING
₹ 12 Lakhs
View Details
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
Compare
View Offers
Rolls-royce New Ghost (HT Auto photo)
UPCOMING
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
View Details
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr
Compare

Also Read : Fitness test, old vehicle certification should happen at earlier intervals: SIAM)

Gadkari said 50 crore will be allotted by the Union MSME ministry to set up research and training facilities in the Mahatma Gandhi Institute for Rural Industrialisation (MGIRI).

Efforts are on to set up a logistics park in Sindi and work on Concor's dry port was also progressing, he added.

First Published Date: 07 Feb 2021, 09:39 AM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.