In a major boost to the automotive sector, the Delhi government has announced an incentive scheme offering up to 20 per cent discount on new vehicle registrations under the Scrappage Certificate of Deposit scheme.
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According to the notification issued by the Delhi government, non-transport, and commercial vehicles powered by petrol, diesel, compressed natural gas (CNG), or liquefied petroleum gas (LPG) will receive the relief on motor vehicle tax.
How it is beneficial for non-transport vehicles
For non-transport vehicles, the scheme provides up to 20 per cent discount, including petrol, CNG, and diesel fuel-based vehicles.
Private vehicles running on petrol, CNG, and LPG will get a 20 per cent discount on the motor vehicle tax registration. While diesel vehicles will receive a 15 per cent discount.
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Commercial vehicles get discounts up to 15% on registration
Moreover, Petrol, CNG, and LPG-powered commercial vehicles will now receive a 15 per cent discount on motor vehicle tax. Meanwhile, diesel-powered commercial vehicles will get a 10 per cent tax rebate.
The discount will remain valid for 3 years from the date of issuance of the scrappage certificate.
