RC renewal of old cars set to go up 8 times from October, Auto News, ET Auto
New Delhi: The Ministry of Street Transport and Highways (MoRTH) issued a draft notification on Wednesday to hike the renewal rate of fifteen-year-aged cars. According to the ministry, renewal of registration certificates of fifteen-year aged cars will develop into high-priced from October 1, 2021. This will be relevant to all non-public cars and industrial cars.
For two-wheelers the expenses for registration renewal would be INR 1,000 compared to the existing rate of INR 300. Similarly, obtaining a health renewal certificate for a fifteen year-furthermore bus or truck the rate would be INR 12,500, which is nearly 21 times extra than what is compensated now.
This proposal was issued less than the Central Motor Automobile (Amendment) Rules which states that if a motor vehicle operator obtains the certificate for scrapping the aged motor vehicle, then there will be no added rate levied on the registration certificate to purchase a new motor vehicle.
In situation of hold off in making use of for renewal of certificate of registration, the street transportation ministry further claimed, an further rate of INR 300 for hold off of every thirty day period or element thereof in regard of motor cycles and INR 500 for hold off of every thirty day period or element thereof in regard of other courses of no transportation cars shall be levied.
Also, further rate of INR two hundred shall be levied if the certificate of registration is a good card form issued or renewed in Form, the ministry additional.
This development follows the Automobile Scrappage Plan announced in the Union Budget 2021 which states that it is required to perform a health test of 20-year-aged non-public cars and fifteen-year-aged industrial cars.
In February, street, transportation, highways and MSME minister Nitin Gadkari claimed the plan would address around 1 crore light, medium and weighty motor cars. “The plan would address an approximated 51 lakh light motor cars (LMVs) that are higher than 20 decades of age, although yet another 34 lakh LMVs are higher than fifteen decades. It would also address seventeen lakh medium and weighty motor cars, which are higher than fifteen decades, and presently without having valid health certificates”.