Starting from April next year, vehicle owners will have to shell out Rs 5,000 for the renewal of registration of cars older than 15 years, which is eight times more than what they currently pay.
The notification said these rules shall come into force from 1 April 2022 and may be called the Central Motor Vehicles (23rd Amendment) Rules, 2021. The rules are part of the Union government’s overall plan for rolling out the National Automobile Scrappage Policy and phase out old and polluting vehicles.
According to the notification, renewal of certificate of fitness for a bus or truck older than 15 years will cost nearly eight times higher charges than owners of the commercial vehicles currently pay.
While charges of registration renewal of a 15-year-old car would be Rs 5,000 compared to the current fee of Rs 600, the charges of registration renewal of old bikes would be Rs 1,000 compared to the current fee of Rs 300.
Similarly, a fitness renewal certificate for a 15 year-plus bus or truck would cost Rs 12,500 from the current fee of Rs 1,500; while in the case of medium goods or passenger motor vehicles, it would cost Rs 10,000.
Renewal of registration for imported bikes and cars will cost Rs 10,000 and Rs 40,000, respectively.
According to the notification, these rules may be called the Central Motor Vehicles (23rd Amendment) Rules, 2021, and shall come into force with effect from April 1, 2022.
For the heavy goods segment, the renewal fee is around ₹1,500, and the same for medium goods/passenger vehicle costs ₹1,000.
If people are owning an imported two-or-three-wheeler motor vehicle, the renewal registration fee is as high as ₹10,000 as compared to a normal registration fee of ₹2,500.
The National Automobile Scrappage Policy is aimed at providing a boost to India’s manufacturing and automotive sectors. It will also help cut down on the fuel import bills of the country and reduce carbon emissions. The policy, which is also aimed at fulfilling the country’s commitment to the Paris Agreement, will generate 50,000 jobs and attract investment of over Rs 10,000 crore in the country.