Registration Renewal Of Old Vehicles To Cost 25 Times More!
New Delhi: In a bid to discourage plying of old vehicles, the Road Transport and Highways Ministry has proposed to increase by 25 times the cost of renewal of registration of passenger vehicles older than 20 years and commercial vehicles older than 15 years.
The ministry has further proposed that the annual fitness test fee for commercial vehicles could go up by 125 times than the current prices.
However, the proposal is in its initial stage and the ministry has circulated the policy paper to different departments for feedback, NDTV reported.
According to the proposal, the fitness test cost of a commercial vehicle will cost about Rs 25,000 as opposed to just Rs 200 per year at present. Meanwhile, a fitness test for a cab or mini truck would be in the vicinity of Rs 15,000-25,000, depending on the vehicle.
Regarding passenger vehicles, the owners will have to renew the registration after 15 years, which will see a hike in the charges to Rs 15,000 from the current Rs 600. The cost of getting a fitness certificate will remain the same though.
The proposal also plans to increase the cost of the renewal fee of two and three-wheelers to around Rs 2000-3000, from the current fee of Rs 300. The renewed registrations will stay valid for five years, after which the vehicle will have to be re-registered every five years.
Notably, in her Budget proposals presented in Parliament on Monday, Finance Minister Nirmala Sitharaman said that passenger vehicles older than 20 years and commercial vehicles older than 15 years will be eligible for voluntary scrapping.