As the festive season approaches, vehicle manufacturers are rolling out exciting offers for customers looking to upgrade their old vehicles. In a recent development, companies have agreed to provide a 1.5% to 3% discount on new vehicle purchases when you scrap your old vehicle. Let’s explore the details! 🌟

🏛️ Key Meeting Led by Union Minister Nitin Gadkari

In a crucial meeting held on Tuesday, Union Minister Nitin Gadkari met with representatives from the Society of Indian Automobile Manufacturers (SIAM) at Bharat Mandapam. The industry leaders agreed to offer limited-period discounts in exchange for a scrappage certificate, signaling a significant step towards encouraging eco-friendly practices. 🌱

🚛 Discounts on Commercial and Passenger Vehicles

Commercial Vehicles: Manufacturers have agreed to offer these discounts for a period of two years, making it an excellent opportunity for businesses to upgrade their fleets. 🏢
Passenger Vehicles: For passenger vehicle owners, the discount will be available for one year, providing a great chance to drive home a new car at a reduced price. 🚙

💸 Benefits for Car Owners

Attractive Discounts: If you’ve scrapped your old passenger vehicle within the last six months, you can now avail a 1.5% discount or ₹20,000 (whichever is lower) on the showroom price of a new car. 🚗💰
Eco-Friendly Move: Not only will you save money, but you’ll also contribute to a cleaner environment by removing older, polluting vehicles from the road.