Modi government’s this policy to reduce pollution and increase vehicle sales
Tuesday - December 31, 2019 4:22 pm ,
Category : WTN SPECIAL
Scrappage policy can be announced soon
Government to 'discourage' purchase of old vehicles; demand to increase in the auto industry
DEC 31 (WTN) - Increasing air pollution due to vehicles is a major cause of concern for any country. Air pollution is increasing in India due to the increasing population and the increasing number of vehicles. The government of any country cannot ignore the increasing air pollution caused by vehicles. In this context, the Modi government is also working on some policies to tackle and reduce air pollution by making a long-term plan. By the way, for your information, let us know that the scrappage policy has not approved by the cabinet yet, but with the help of this policy, the central government is preparing to remove the old vehicles that cause air pollution.
As you are aware, due to the global economic slowdown, many economies of the world including India have been negatively affected. According to the International Monetary Fund, 90 per cent of the world's economies, including India, are affected by the global economic slowdown. The economic slowdown has had the greatest impact on the automobile sector in India. For your information, let us know that the auto industry has been facing the recession due to the global economic slowdown for the last 18 months. The automobile industry has faced the situation of reducing the production of vehicles to shutting down production for a few days.
The Modi government, worried about the wrath of the auto sector, is now trying to revive the commercial vehicle industry from economic slowdown with the help of scrappage policy. According to experts, if the Modi government takes such a step, then the auto sector can get a lot of relief. Actually, for your information, let us know that the government is preparing to ban the old commercial vehicles which are being used more than the prescribed time under the scrappage policy, which increases pollution. In fact, the government is also considering the policy of waiving the registration fee on the purchase of new vehicles after selling old vehicles under the scrappage policy.
At the same time, after the scrappage policy is implemented, the registration renewal fee of those vehicles which are more than 15 years old will increase. The government is trying to discourage the purchase of old vehicles under this policy. If the old vehicles are not resolved, then naturally they will not cause air pollution. Let us know that the government is preparing to implement the same policy on commercial vehicles as well as passenger vehicles.
Actually, the government is working on a policy of doing two things simultaneously with the scrappage policy. One, scrappage policy will reduce the purchase of old vehicles and when the purchase of old vehicles is less, they will not run on the road. At the same time, when old vehicles will not run on the road, then it will not spread air pollution. At the same time, discouraging the purchase of old vehicles will increase the sale of new vehicles. If there is an increase in the sale of vehicles, it is expected to provide considerable relief to the automobile sector, which has been suffering from the economic slowdown.
As we told you that through the scrappage policy, the Modi government is going to give exemption in registration on the purchase of a new vehicle on the scrappage of old vehicles. At the same time, companies in the automobile sector are also going to give huge discounts on the purchase of vehicles to avoid the economic slowdown. It can be said that while the scrappage policy of the Modi government will reduce air pollution, on the one hand, there will be an increase in the sale of vehicles on the other side, which will give a lot of relief to the automobile sector.
DEC 31 (WTN) - Increasing air pollution due to vehicles is a major cause of concern for any country. Air pollution is increasing in India due to the increasing population and the increasing number of vehicles. The government of any country cannot ignore the increasing air pollution caused by vehicles. In this context, the Modi government is also working on some policies to tackle and reduce air pollution by making a long-term plan. By the way, for your information, let us know that the scrappage policy has not approved by the cabinet yet, but with the help of this policy, the central government is preparing to remove the old vehicles that cause air pollution.
As you are aware, due to the global economic slowdown, many economies of the world including India have been negatively affected. According to the International Monetary Fund, 90 per cent of the world's economies, including India, are affected by the global economic slowdown. The economic slowdown has had the greatest impact on the automobile sector in India. For your information, let us know that the auto industry has been facing the recession due to the global economic slowdown for the last 18 months. The automobile industry has faced the situation of reducing the production of vehicles to shutting down production for a few days.
The Modi government, worried about the wrath of the auto sector, is now trying to revive the commercial vehicle industry from economic slowdown with the help of scrappage policy. According to experts, if the Modi government takes such a step, then the auto sector can get a lot of relief. Actually, for your information, let us know that the government is preparing to ban the old commercial vehicles which are being used more than the prescribed time under the scrappage policy, which increases pollution. In fact, the government is also considering the policy of waiving the registration fee on the purchase of new vehicles after selling old vehicles under the scrappage policy.
At the same time, after the scrappage policy is implemented, the registration renewal fee of those vehicles which are more than 15 years old will increase. The government is trying to discourage the purchase of old vehicles under this policy. If the old vehicles are not resolved, then naturally they will not cause air pollution. Let us know that the government is preparing to implement the same policy on commercial vehicles as well as passenger vehicles.
Actually, the government is working on a policy of doing two things simultaneously with the scrappage policy. One, scrappage policy will reduce the purchase of old vehicles and when the purchase of old vehicles is less, they will not run on the road. At the same time, when old vehicles will not run on the road, then it will not spread air pollution. At the same time, discouraging the purchase of old vehicles will increase the sale of new vehicles. If there is an increase in the sale of vehicles, it is expected to provide considerable relief to the automobile sector, which has been suffering from the economic slowdown.
As we told you that through the scrappage policy, the Modi government is going to give exemption in registration on the purchase of a new vehicle on the scrappage of old vehicles. At the same time, companies in the automobile sector are also going to give huge discounts on the purchase of vehicles to avoid the economic slowdown. It can be said that while the scrappage policy of the Modi government will reduce air pollution, on the one hand, there will be an increase in the sale of vehicles on the other side, which will give a lot of relief to the automobile sector.
