Hike in vehicle registration renewal may not lead to jump in new vehicle demand

Hike in vehicle registration renewal may not lead to jump in new vehicle demand The number of vehicles impacted is negligible. Government estimates indicate that there are around 3.4 million light motor vehicles that are older than 15 years and 5.1 million motor vehicles that are older than 20 years. The government’s focus could be on the old trucks and buses among these, as they are widely considered to be more 10-25 times more polluting than modern automobiles.

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