Mexican Media Brands
India Scrappage Scheme Targets Old Commercial Vehicles
India is finalizing a plan to hike taxes, registration fees and inspection requirements on commercial vehicles built before 2000 in a bid to improve air quality in cities.
#regulations
Share
India is finalizing a plan to hike taxes, registration fees and inspection requirements on commercial vehicles built before 2000 in a bid to improve air quality in cities.
The initiative is likely to launch by September, sources tell the Mumbai-based Economic Times. The newspaper cites studies that says the targeted vehicles emit about 25 times the amount of pollutants as new models.
The scrappage scheme also is expected to offer incentives for owners who turn in their old truck and buy a new one. ET says lawmakers are considering a policy that would waive registration fees on such purchases.
Truckmakers also are likely to be asked by the government to offer special price discounts for customers who can show a scrappage certificate, according to the newspaper.
RELATED CONTENT
-
On The Jeep Grand Cherokee, 2022 Nissan Pathfinder, and More
An inside look at the Detroit Assembly Complex-Mack; a innovative approach to waste-free, two-tone painting; why a forging press is like an F1 car; and other automotive developments.
-
When Automated Production Turning is the Low-Cost Option
For the right parts, or families of parts, an automated CNC turning cell is simply the least expensive way to produce high-quality parts. Here’s why.
-
On the Genesis GV80, Acura MDX, BMW iDrive and more
From Genesis to Lamborghini, from Bosch to Acura: new automotive developments.
