5% Rebate on Vehicle Upgrade: Union Minister’s Announcement
News Update: Another reason for those who are planning to upgrade or buy a new vehicle. As per the statement of Union Minister Mr Nitin Gadkari, one can avail 5% additional rebate on the exchange of Old Vehicle under the Vehicle Scrappage Policy. The Voluntary Vehicle Scrappage Policy introduced during the Union Budget 2021-22 requires personal vehicles to undergo a fitness test after 20 years of registration. Keep Reading