Vehicle Scrappage Policy Flashcards
Launched
August 2021
Investor Summit was held in
Gujarat
What did the investor summit envisage to do
Invite investment for setting up vehicle scrappage infrastructure
Aim of the policy
1) Reduce old and defective vehicles
2) Bringing down air pollutants
3) Improving road and vehicular safety
_____% of the ex showroom price of the new vehicle will be given as an incentive
4-6%
___ % discount and tax rebate on new vehicles
5% against a scrapping certificate
____ fees may also be waived off on purchase of new vehicles
Registeration
____ vehicles over 15 years old will be scrapped
Commercial
Private vehicles over ___ years will be scrapped
20 years
The government wants ___ no. of Authorized Automated fitness test centers
718
First AFTC in the country
Mahindra and state owned MSTC
EOLV full form
End of life Vehicle
Road and highways and transport minister
Nitin Gadkari
What all will be tested
Emissions test, Braking System and Safety Components
Target of NEMMP
To achieve 6-7 million( 5-10%) sales of hybrid and electrical vehicles every year from 2020 onwards
What are xEVs
Hybrid and Electrical Vehicles
How much does auto industry contribute to the GDP
22%
India is the ___ largest vehicle manufacturer globally
6th
____ liters of crude oil is expected to be saved
9500 Million ( worth 62,000 crores )