* Delhi - Incentives likely only for buyers replacing old commercial vehicles with new ones
--- The primary intention is to reduce emissions and the priority is to get old fuel-guzzling and polluting trucks off the roads, said government sources... The voluntary vehicle fleet modernisation programme (V-VMP) that the government is working on will focus initially on incentivising buyers of new commercial vehicle and keep passenger vehicles out of its ambit... The programme proposes to offer tax benefits and discounts to people who junk old vehicles and replace them with new ones... According to government estimates, the programme may take 28 million polluting vehicles off the road. The scheme would enable domestic generation of Rs 11,500 crore worth of steel scrap every year... A second government official said staterun MSTC and several Japanese companies have evinced interest in setting up recycling and shredding centres for vehicles...
(Photo) -- New Delhi, India - ET, by Sharmistha Mukherjee - 22 June 2016Labels: older trucks, trucking industry news India
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