Renewal fee of 15 year old vehicles to cost more from April 2022

Renewal fee of 15 year old vehicles to cost more from April 2022

A notification regarding renewal of old vehicles has been issued by the MORTH. 
 
vehicles

The new rule is part of the government's scrappage policy.

The renewal of certificate of fitness of vehicles which are more than 15 years old will now cost much more. 

Do you own cars or 2-wheelers that are more than 15 years old? Read this to know about the fitness certificate of your vehicle if your vehicle falls in the ‘15 year old’ category.

The Ministry of Road Transport and Highways has issued a notification regarding the renewal policy for vehicles that are more than 15 years old. The renewal of fitness certificate of your car or scooter/bike will now cost much more, clearly meaning that it will be comparatively very expensive from April 2022.

The new rules are part of the government’s plans for National Automobile Scrappage Policy and as per this plan the renewal will become 8 times more expensive than what you shell out now. The renewal of car (LMV) that currently costs somewhere around 600 rupees will cost around 5000 rupees and that of a 2-wheeler which is currently at 300 rupees will cost 1000 rupees.

The renewal for a bus would cost 12,500 rupees as compared to the current 1500 rupees. Renewal for imported bikes and cars will be at 10,000 and 40,000 rupees respectively.

An additional fee of 50/- will be levied for each day of delay and 200/- will be levied if the certificate of registration is a smart card type issue. In case of delay in applying for renewal, an additional fee of 300/- for delay of every month will be levied for private vehicles and 500 for commercial vehicles. According to an official statement, in the Vehicle Scrapping Policy, it is proposed 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.

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