Nitin Gadkari Shares Advice to Get a Discount on New Car

Union Minister of Road Transport and Highways, Nitin Gadkari shares advice to all car buyers for getting a discount on commercial and passenger vehicles. Gadkari announced on 27th August, 2024 that passenger and commercial vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older ones of buyers with a valid certificate of Deposit.

The decision was taken at a meeting with the Society of Indian Automobile Manufacturers Association (SIAM) CEOs chaired by the minister in which various auto sector issues were discussed. Talking to X, Mr.Gadkari states, “I am pleased to report that, in response to my recommendation, several commercial and passenger vehicle manufacturers have agreed to offer discounts for the purchase of new vehicles against the scrapping of older vehicles with a valid Certificate of Deposit.” He further writes that this initiative will strengthen the Circular Economy efforts, ensuring that cleaner, safer and more efficient vehicles are on the Indian roads.

India auto majors are likely to offer 1.5 to 3.5 per cent discount to buyers who scrap their old vehicles to buy a new one. The minister had last year stated that the country needs 1000 vehicle scrapping centres and 400 automated fitness test centres. Taking into consideration the National Vehicle Scrappage Policy, the minister had said that India can be a scrapping hub in South Asia.