Starting from April of subsequent year automobile house owners can have to shell out ₹5,000 for renewal of registration if their automobile is more than 15 years outdated, the Union ministry of street transport and highways (MORTH) notified on Tuesday. The renewal payment will cost house owners eight occasions more than what it prices to register new vehicles.
The cost for renewing the license of a 15-year-old automobile can be ₹5,000 and registration of a brand new automobile will cost solely ₹600. The costs of registration renewal of bikes older than the stipulated age of 15 years can be ₹1,000, however registering new vehicles will cost simply Rs.300.
The ministry additionally notified that renewal of certificates of health for a bus or truck older than 15 years will bear a cost of practically eight occasions larger than what house owners of the business vehicles presently pay. Thus for the renewal of a health certificates for a bus or truck older than 15 years an quantity of ₹12,500 might be charged from April; whereas within the case of medium sized items automobile or passenger motorized vehicle, it might cost ₹10,000.
Under the the National Automobile Scrappage Policy launched by the Prime Minister in August of this year health exams have been made obligatory for heavy business vehicles from April 1, 2023. Similar measures are anticipated to be put in place for different vehicles from June, 2023.
In case of delay in renewal of health certificates an extra payment of ₹50 for every day of delay after the expiry of certificates of health may even be levied. These new guidelines could also be known as the Central Motor Vehicles (twenty third Amendment) Rules, 2021, the ministry mentioned.
The ministry mentioned this measure was adopted as an element of the automobile scrappage coverage, so as “to have a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs.” Adding that there might be waiver of the payment for concern of certificates of registration for a brand new automobile, bought in opposition to the authority of the Certificate of Deposit (CoD) issued by a Registered Vehicle Scrapping Facility for a automobile being scrapped.