How Much Discount Can You Get on a New Car by Scrapping Your Old Vehicle?

Auto manufacturers in India are set to offer a 1.5-3.5% discount to buyers who scrap their old vehicles and purchase new ones.

This move, endorsed by Minister Nitin Gadkari, aims to boost the Vehicle Fleet Modernization Programme and promote cleaner, more efficient vehicles on Indian roads. The success of the initiative will depend on how well it is received by the public and its impact on the automotive industry. In a significant move for India’s automobile industry, major auto manufacturers are gearing up to offer a 1.

5-3.5% discount to buyers who scrap their old vehicles and purchase new ones. This initiative, backed by Minister of Road Transport & Highways Nitin Gadkari, is part of a broader effort to modernize India’s vehicle fleet, reduce pollution, and boost the circular economy.

The Context: Why This Move Matters The decision comes at a time when the Indian government is pushing hard for vehicle modernization to reduce pollution and improve road safety. Older vehicles, especially those over 15 years old, are often less efficient and more polluting than their modern counterparts. By encouraging the scrapping of these vehicles, the government hopes to ensure that cleaner, safer, and more efficient vehicles take their place on Indian roads.

Nitin Gadkari, who chaired a meeting with the Society of Indian Automobile Manufacturers (SIAM) CEO’s delegation, announced that several commercial and passenger vehicle manufacturers have agreed to offer discounts to buyers who.