Scrappage policy: No direct sops for junking old cars

“The Central government will not offer any direct incentives in the policy or any tax sops, as was being talked about earlier,” an official told ET. “State governments will be free to offer rebates on road tax against a scrapping certificate. Even original equipment manufacturers can allow a discount against a scrapping certificate if they want to boost their sales.”

from Auto-Industry-Economic Times https://ift.tt/35VuM3l
via Latest News of India