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Govt depts to replace old cars to boost demand for industry: Sitharaman
Economy

Govt depts to replace old cars to boost demand for industry: Sitharaman

Agency News

In order to revive the auto demand, the ban for the government departments to buy new vehicles will be lifted, finance minister Nirmala Sitharaman said Friday.

Speaking at a press conference in New Delhi, finance minister Nirmala Sitharaman also announced a slew of measures to boost demand for the auto sector. She said that the Bharat Stage IV vehicles purchased before March 2020 will remain operational for the full period of their registration. Sitharaman said she wanted to dismiss speculation that BS-IV vehicles would become illegal to drive after 2020 when BS-VI norms will kick in.

Nirmala Sitharaman also said that in order to boost demand in the auto sector, the government was putting off a proposal to increase registration fees of vehicles.

Now, Nirmala Sitharaman said, government departments will be actively pushed to replace old vehicles and provide a source of demand for the auto sector.