<p>To encourage hybrid and CNG vehicles, I will pursue with Finance Ministry to give some subsidy to such vehicles, Road Transport and Highways Minister Nitin Gadkari on Thursday said. </p>.<p>“We are trying to convince the Finance Minister again when we meet in the next few days on giving subsidy. Ultimately, the Finance Ministry has to approve such a decision. And, this a subject of the State governments,” Gadkari said at the 62nd SIAM Annual Convention here.</p>.<p>He urged automobile manufacturers to adopt new technology to reduce costs, provide more comfort to customers, reduce imports and increase exports.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/transport-ministry-tightens-norms-for-vehicle-resale-market-1145508.html" target="_blank">Transport Ministry tightens norms for vehicle resale market</a></strong></p>.<p>"I tell my friends in the automobile sector that you should be quality centric, not cost centric. because choices of people are changing," he said. </p>.<p>He said he will also talk to the Steel Ministry to request Finance Minister Nirmala Sitharaman to offer a GST tax benefit on the scrapping of vehicles.</p>.<p>Manufacturers should focus on converting ‘waste to wealth’ and there are over 1.2 crore vehicles that are scrappage worthy, added Gadkari. </p>.<p>The vehicle scrappage policy has come into effect from April 1, 2022. Announced in the Union Budget 2021-22, the policy provides for fitness tests after 20 years for personal vehicles, while commercial vehicles will require it after the completion of 15 years.</p>
<p>To encourage hybrid and CNG vehicles, I will pursue with Finance Ministry to give some subsidy to such vehicles, Road Transport and Highways Minister Nitin Gadkari on Thursday said. </p>.<p>“We are trying to convince the Finance Minister again when we meet in the next few days on giving subsidy. Ultimately, the Finance Ministry has to approve such a decision. And, this a subject of the State governments,” Gadkari said at the 62nd SIAM Annual Convention here.</p>.<p>He urged automobile manufacturers to adopt new technology to reduce costs, provide more comfort to customers, reduce imports and increase exports.</p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/national/transport-ministry-tightens-norms-for-vehicle-resale-market-1145508.html" target="_blank">Transport Ministry tightens norms for vehicle resale market</a></strong></p>.<p>"I tell my friends in the automobile sector that you should be quality centric, not cost centric. because choices of people are changing," he said. </p>.<p>He said he will also talk to the Steel Ministry to request Finance Minister Nirmala Sitharaman to offer a GST tax benefit on the scrapping of vehicles.</p>.<p>Manufacturers should focus on converting ‘waste to wealth’ and there are over 1.2 crore vehicles that are scrappage worthy, added Gadkari. </p>.<p>The vehicle scrappage policy has come into effect from April 1, 2022. Announced in the Union Budget 2021-22, the policy provides for fitness tests after 20 years for personal vehicles, while commercial vehicles will require it after the completion of 15 years.</p>
