Voluntary Fleet Modernisation Programme

discounts on new purchases: Automakers to extend discounts on new purchases against scrap vehicles

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discounts on new purchases: Automakers to extend discounts on new purchases against scrap vehicles

Leading automakers including Maruti Suzuki, Hyundai Motor India and Tata Motors Tuesday said they will extend discounts on new vehicle purchases against scrapped vehicles, under the government’s Voluntary Fleet Modernisation Programme (VVMP) scheme. These discounts will be extended for a limited period of one year by passenger vehicle makers, and two years by commercial vehicle … Read more

Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales

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Renewed push: Centre weighs dedicated fund to drive vehicle scrapping and new car sales

The Centre is considering setting up a dedicated fund to incentivise new vehicle buyers among steps to push customers to scrap old vehicles. The shift in strategy follows tepid response to a voluntary vehicle modernisation programme started three years ago to remove more than 10 million polluting cars, buses and trucks off the roads.A senior … Read more