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Car and SUV manufacturers have agreed to offer discounts of 1.5 per cent of the ex-showroom price of a new car or Rs 20,000 whichever is lower, while truck manufacturers will offer discounts of up to 3 per cent with the launch of the Centre’s Vehicle Scrapping Policy, according to an official statement issued on Wednesday. These Original Equipment Manufacturers (OEM) discounts are in addition to the scrap value provided by Registered Vehicle Scrapping Facilities (RVSFs) to the...
Car manufacturers offer up to Rs 20,000 discount under new scrapping policy
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