Vehicle Scrappage Policy: Now, keeping old cars will cost you more. Details

Finance Minister Nirmala Sitharaman announced a new vehicle scrapping policy in the Union Budget 2021 on Monday in Parliament. Holding on to 15-year-old vehicles will cost more after this voluntary vehicle scrapping policy comes into effect.Finance Minister Nirmala Sitharaman announced a new vehicle scrapping policy in the Union Budget 2021 on Monday in Parliament. Holding on to 15-year-old vehicles will cost more after this voluntary vehicle scrapping policy comes into effect.