New Vehicle Policy in Delhi-NCR
Introduction
The decision to strictly implement the old vehicle policy in Delhi and NCR has caused concern among vehicle owners.
According to the new policy, vehicles that have reached the end of their lifespan according to the old vehicle policy will lose the right to run on the roads of Delhi and NCR and can be seized during a checking campaign due to increasing pollution.
Ban on Old Vehicles
In Delhi and NCR, 10 years old diesel vehicles and 15 years old petrol vehicles are no longer allowed to ply on the roads.
These vehicles will be seized by the checking team as soon as they are spotted on the roads. This decision has been taken to curb the rising pollution levels in the region.
Impact on Vehicle Owners
- Owners of outdated vehicles are selling them at less than half the price on second-hand car selling platforms like Cars24, Cardekho, etc. due to the fear of being seized on the roads.
- Owners of such vehicles will lose the right to run their vehicles on the roads of Delhi and NCR.
Impact on the Automotive Industry
- The decision will lead to a decrease in the demand for old vehicles.
- The demand for new vehicles will increase as people will opt for newer and eco-friendly vehicles.
Incentives for Scrapping Old Vehicles
The central government will provide an incentive of Rs 2,000 crore to the states under the Special Assistance for Capital Investment Scheme for scrapping old vehicles. T
ax concession will also be given to people who offer their vehicle for scrap. The government had introduced a special assistance scheme to states for capital investment with an outlay of Rs 1.05 lakh crore in the budget.
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Impact on Vehicle Owners
- Owners of outdated vehicles will be incentivized to scrap their vehicles and upgrade to newer, eco-friendly options.
- This will also lead to a decrease in the number of old vehicles on the roads, further reducing pollution.
Impact on the Automotive Industry
- The incentives provided by the government will lead to an increase in the demand for new vehicles.
- The automotive industry will benefit from an increase in sales and revenue.
Conclusion
In conclusion, the decision to strictly implement the old vehicle policy in Delhi and NCR is aimed at reducing pollution levels in the region. Vehicle owners who have outdated vehicles will have to scrap them or face seizure during checking campaigns.
The government is also providing incentives to states and individuals to encourage the scrapping of old vehicles. This decision is expected to have a positive impact on the environment and the automotive industry.
It will also lead to the increase in demand for new, eco-friendly vehicles in the market.
