Nitin Gadkari’s Voluntary Vehicle Scrappage Policy Key Highlights: ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Dierct Report
Nitin Gadkari, Road Transport and Highways Minister, yesterday in parliament shared a glimpse of the much awaited voluntary scrappage policy. The actual policy draft is expected to be made public over the next few weeks.
The ministry press release states that commercial vehicles beyond 15 years old and that fail to obtain a fitness certificate from automated fitness centres (adhering to global standards), will be de-registered and declared as end of life vehicles.
In case of private vehicles, those over 20 years old, and which fail the testing or re-registration will be declared as end of life vehicles.
Voluntary scrappage policy or Voluntary Vehicle-Fleet Modernization Programme is aimed at curbing pollution, replacing the existing fleet of less fuel efficient vehicles and increasing road safety.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.