New Delhi: Forward of the festive season, a number of passenger and industrial car producers have agreed to supply reductions of 1.5 – 3 per cent on buy of recent autos towards scrapping of outdated autos after a gathering with Union Minister Nitin Gadkari, an official assertion revealed on Tuesday. The assertion additional stated that Mercedes Benz India has provided a flat low cost of Rs 25,000, which might be along with all current reductions.

Union Street Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a gathering with the SIAM delegation at Bharat Mandapam the place he addressed key points within the car business.

“Through the interplay, responding positively to the recommendation of the Street Transport and Highways Minister and recognising the significance of fleet modernisation and round economic system, a number of industrial car producers and several other passenger car producers have agreed to supply reductions for a restricted interval towards scrappage certificates,” the assertion stated.