Day: February 15, 2021

Opinion: Voluntary Retirement Scheme for Commercial Vehicles

The sale of professional vehicles is cyclical — it moves in tandem with the basic economic progress, albeit with a compact lag.

By R Sridhar

Just one of the most distinguished chatting details after the Union Budget 2021-22 is the formal announcement of a motor vehicle scrappage coverage. The information of the coverage are however awaited. But the reality is that a extensive-standing demand of the professional motor vehicle industry for the scrapping of aged vehicles has been accepted by the Governing administration.

This follows intently after the announcement of a eco-friendly coverage to scrap the authorities and public sector vehicles older than 15 yrs.

The sale of professional vehicles is cyclical — it moves in tandem with the basic economic progress, albeit with a compact lag. Underneath the voluntary motor vehicle scrappage coverage, own passenger vehicles which are about twenty yrs, and professional vehicles that are about 15 yrs

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