Union Minister Nitin Gadkari said on Friday said that the policy to scrap 15-year old vehicles is likely to get government approval soon.
Gadkari said, "We have submitted the proposal and I am expecting that we will get approval as early as possible for the scrapping policy." The Road Transport and Highways Minister's statement came amid reports that the upcoming budget may unveil the vehicle scrappage policy that aims to boost automobile demand by phasing out old and polluting vehicles. Addressing the "Atmanirbhar Bharat Innovation Challenge 2020-21" event, Gadkari said that the policy is for the scrapping of vehicles which are more than 15 years old and includes cars, trucks and buses.
Earlier, last year the government proposed amendments to motor vehicle norms to allow scrapping of vehicles older than 15 years in a bid to spur adoption of electrical vehicles.