You can now trade in your old, clunky car for a shiny new model and save some extra cash. Thanks to recent developments in the automotive sector, this dream is becoming a reality. Many leading vehicle manufacturers like Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai Motors, and others announced that they are ready to offer discounts to buyers, condition that they have a valid Certificate of Deposit.
This announcement came from Union Minister for Road Transport & Highways Nitin Gadkari in a recent X post. During a meeting with CEOs from the Society of Indian Automobile Manufacturers (SIAM) at Bharat Mandapam in New Delhi, Gadkari said he encouraged the industry to offer discounts on new vehicle purchases for customers who scrap their old cars. The proposal, he later confirmed was well-received, and manufacturers have agreed to implement these incentives.
📍Bharat Mandapam, New Delhi Chaired a highly productive session of the SIAM CEO’s Delegation Meeting at Bharat Mandapam today, where we addressed various critical issues facing the automobile industry. I am pleased to report that, in response to my..
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com/9n4aUdgoby So, just how much can you save by scrapping your old car? Here’s a detailed breakdown. The big discounts According to a report by The Times of India , car buyers can expect discounts ranging from 1.5 per cent to 3.
5 per cent when they scrap their old vehicle and purchase a new one. For passenger vehicles, major brands like Maruti Suzuki.