The market forces will determine the fair price of the vehicle to be scrapped.
"There is no intervention by the Government in determination of fair price of private vehicles to be scrapped.
The price of these vehicles is decided by the market forces as per the condition of the vehicle to be scrapped" said Gadkari The minister also noted that the Reserve Vehicle Scrapping Facility (RVSF) units, set up as private entities, are responsible for determining the price based on vehicle condition.
On compensating vehicle owners, the minister stated that while government vehicles have a reserve price determined by the Ministry of Steel, private vehicles' scrap value is decided by the market forces.
Diese Geschichte stammt aus der December 01, 2024-Ausgabe von The Sunday Guardian.
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Diese Geschichte stammt aus der December 01, 2024-Ausgabe von The Sunday Guardian.
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