Scrap old vehicle, get 1.5-3% discount on your next buy

New Delhi, August 27

Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday.

The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts.

“...vehicle manufacturers have agreed to offer discounts for a limited period against a certificate of deposit (scrappage certificate)," the statement said.