Monday, 18 October 2021

Registration of vehicles more than 15 years old to cost more from April next year

Registration of vehicles more than 15 years old to cost more from April next year

From next April, vehicle owners will have to shell out ₹5,000 for registration renewal if the vehicle is older than 15 years. On Tuesday, the road transport and Highway minister notified that the renewal fee would cost the owner eight times more than earlier to register a new vehicle.

The fee for renewing the license of a 15-year-old or more car would be 5,000 rupees, and registration of new vehicles will cost only 600 rupees. The amount of registration renewal of bikes older than the stipulated age of 15 would be ₹1,000, but registering new vehicles will cost only Rs.300.

The ministry also notified that the renewal of a certificate of fitness for a bus or truck older than 15 years would bear a cost nearly eight times higher than what owners of commercial vehicles currently pay. Thus for the renewal of a fitness certificate for a bus or truck older than 15 years, an amount of ₹12,500 will be charged from April, while in the case of a medium-sized goods vehicle or passenger motor vehicle, it would cost ₹10,000.

Registration of vehicles more than 15 years old to cost more from April next year 1pixabay image

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Under the National Automobile Scrappage Policy launched by the Prime Minister in August, fitness tests have been made mandatory for heavy commercial vehicles from April 1, 2023. Similar measures are expecting to be put in place for other vehicles from June 2024.

In case of delay renewal of fitness certificate, an additional charge of ₹50 each day after a delay after the certificate of fitness expiry will also be imposed.

The ministry said these new rules might be called the Central Motor Vehicles (23rd Amendment) Rules, 2021.

The ministry said the measure was adopted as a part of the vehicle scrappage policy in order “to have a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs.” It added that there would be a fee waiver for issuing a certificate of registration for a new vehicle, purchased against the authority of the Certificate of Deposit (CoD) issued by a Registered Vehicle Scrapping Facility for a vehicle being scrapping.

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