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Renewing your 15-year-old automobile’s registration to price Rs 5,000 | Autocar India

Written by Sunny Kumar

Revealed On Mar 19, 2021 04:59:00 PM

15-year-old two-wheelers will probably be charged Rs 1,000 for renewal of registration.

The Ministry of Street Transport and Highways (MoRTH) has issued a draft notification proposing a rise in costs for the renewal of registration of automobiles older than 15 years.

  • Renewal of registration certificates of 15-year outdated automobiles to turn into dearer from October 1, 2021
  • Renewal of registration for imported bikes and automobiles revised to Rs 10,000 and Rs 40,000, respectively
  • Penalties for delays in renewal additionally revealed

The brand new proposal will probably be relevant to all personal automobiles and business automobiles from October 1, 2021. The value for the renewal of a 15-year-old automobile’s registration has elevated to Rs 5,000, whereas for two-wheelers it stands at Rs 1,000.

As well as, the charge for renewal of registration for imported bikes and automobiles will stand at Rs 10,000 and Rs 40,000, respectively.

Moreover, the proposal additionally provides penalties for delays in making use of for a renewal of a registration certificates. An extra Rs 300 will probably be charged for each month of delay (or half thereof) with respect of bikes. A Rs 500 high-quality will probably be levied for automobiles.

The notification additionally contains the price of conducting the health assessments for automobiles older than 15 years – Rs 400-500 for two-wheelers and Rs 800-1,000 for passenger automobiles. Costs for the renewal of health certificates, in the meantime, is proposed at Rs 1,000 for bikes and Rs 7,500 for automobiles.

This new draft notification is supposed to incentivise house owners of older automobiles to go for the brand new voluntary car scrappage coverage, which was introduced within the Lok Sabha simply yesterday.

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Sunny Kumar