New Delhi, October: The Ministry of Road, Transport and Highway said that after it issued a notification finalising the revised rates for re-registering old vehicles and re-issuance of fitness certificates the new rates will be a part of the central government’s vehicle scrapping policy which aims to incentivise the practice of purchasing new vehicles against scrapping old ones
As per the latest notification issued by the MoRTH, copy with ctn reads that, the renewal of registration of a 15-year-old car will cost Rs 5,000 against the current rate of Rs 600.
Re-registration of two-wheelers that are older than 15 years will cost Rs 1,000 from April next year, compared to the current fee of Rs 300.
For imported cars, the cost will be Rs 40,000 against the existing fee of Rs 15,000.
As per the rules, a private vehicle, once it attains 15 years, will have to be renewed every five years since then.
