Delhi govt to announce tax rebate on scrapping old cars: Find slabs and details

The Delhi government is offering a motor vehicle tax rebate for those who scrap their old vehicles and purchase new ones within three years of the scrappage

The Delhi government is introducing a new tax rebate incentive scheme to promote the scrapping of old vehicles, with Chief Minister Atishi on Wednesday, October 02, 2024, approving a 10-20% rebate on motor vehicle tax depending on the type of fuel it uses.

Vehicles stuck in a traffic jam due to the waterlogged roads following heavy rainfall near Hero Honda Chowk at the Delhi-Gurugram Expressway(ANI)

This scheme comes in a move to stimulate demand for new vehicles to benefit the auto industry which has been struggling with a demand slowdown, reduce the number of older and more polluting vehicles from the road, and also provide a financial incentive for vehicle buyers to purchase newer, lesser-polluting models.

What are the various tax rebate incentive percentages offered by the Delhi government on scrapping older vehicles?

• For the purchase of non-commercial CNG and petrol vehicles, the tax rebate will be 20%.
• For the purchase of commercial CNG and petrol vehicles, the tax rebate will be 15%.
• For the purchase of diesel vehicles, the tax rebate will be 10%.