RC renewal of old cars set to go up 8 times from October, Auto News, ET Auto

New Delhi: The Ministry of Street Transport and Highways (MoRTH) issued a draft notification on Wednesday to hike the renewal fee of 15-12 months-aged motor vehicles. In accordance to the ministry, renewal of registration certificates of 15-12 months aged motor vehicles will develop into expensive from October one, 2021. This will be relevant to all private motor vehicles and industrial motor vehicles.

For two-wheelers the fees for registration renewal would be INR one,000 in comparison to the latest fee of INR 300. Likewise, acquiring a exercise renewal certificate for a 15 12 months-in addition bus or truck the fee would be INR 12,five hundred, which is approximately 21 moments a lot more than what is paid now.

This proposal was issued under the Central Motor Car (Modification) Guidelines which states that if a vehicle proprietor obtains the certificate for scrapping the aged vehicle, then there will be no further fee levied on the registration certificate to buy a new vehicle.

In circumstance of hold off in making use of for renewal of certificate of registration, the street transport ministry even more claimed, an further fee of INR 300 for hold off of just about every month or aspect thereof in respect of motor cycles and INR five hundred for hold off of just about every month or aspect thereof in respect of other courses of no transport motor vehicles shall be levied.

Also, further fee of INR two hundred shall be levied if the certificate of registration is a clever card sort issued or renewed in Form, the ministry added.

This progress follows the Car Scrappage Coverage declared in the Union Spending plan 2021 which states that it is required to conduct a exercise exam of 20-12 months-aged private motor vehicles and 15-12 months-aged industrial motor vehicles.

In February, street, transport, highways and MSME minister Nitin Gadkari claimed the plan would address over one crore gentle, medium and heavy motor motor vehicles. “The plan would address an estimated fifty one lakh gentle motor motor vehicles (LMVs) that are earlier mentioned 20 years of age, although yet another 34 lakh LMVs are earlier mentioned 15 years. It would also address 17 lakh medium and heavy motor motor vehicles, which are earlier mentioned 15 years, and now without the need of valid exercise certificates”.