Buying a vehicle? Get discount against scrap

New Delhi: Ahead of the festive season, several leading commercial and passenger vehicle manufacturers have agreed to offer discounts on new vehicle purchases against scrapped old vehicles, an official statement said on Tuesday. The statement further said this initiative is a significant step forward in advancing India’s circular economy, promoting the use of cleaner, safer and more efficient vehicles.

Union Road Transport and Highways Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.