CVs to re­tire af­ter 20 years

Commercial Vehicle - - CONTENTS -

Apol­icy to re­it­er­ate CVs at the age of 20 years in the in­ter­est of curb­ing en­vi­ron­men­tal dam­age and pol­lu­tion will soon get a cabi­net nod, claim in­dus­try sources. They men­tion that a ve­hi­cle scrap­page pol­icy will come into force from 2020, which will an­nounce that a CV com­plet­ing 20 years of age will have to go off the road once the cabi­net nod is had. Claim­ing that there are 700,000 com­mer­cial ve­hi­cles on the road that were reg­is­tered be­fore 2000, sources aver that the pol­icy to re­tire CVs af­ter 20 years will also of­fer in­cen­tives to pre-2000 CVs in a bid to en­cour­age them to shift to new ones. The in­cen­tives are likely to re­duce the cost of a CV by 15 per cent, and would be sub­ject to the ap­proval of the GST Coun­cil. Sources add that the task of set­ting up scrap­page cen­ters has been en­trusted to the steel min­istry.

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