In the draft notice dated July 15, the government issued new guidelines for the country’s vintage cars.The notice was issued by the center in November last year regarding Vintage’s new registration rules and format And a classic car of more than 50 years.
- Classic cars may get a new registration format
- Issuing a new registration certificate for vintage vehicles will cost 20,000 rupees, and re-registration or renewal will cost 5,000 rupees
- Old-fashioned vehicles for conventional and commercial purposes are prohibited
New regulations for vintage cars in India
According to the draft, an old-fashioned vehicle is defined as a two-wheeled or four-wheeled vehicle that is at least 50 years older than its original first registration date.
The notice pointed out that for the registration or re-registration of old-fashioned vehicles, the owner will be required to show the valid insurance policy of the vehicle, the entry form (if the vehicle is imported) and the old registration certificate (if the vehicle has one) have been registered in India. In addition, old-fashioned vehicles will receive a new registration format. The new format will be in the form of “XX VA YY ****”, where XX represents the state code, VA represents the classic car, YY will be a two-letter series, and **** will be four between 0001 and 9999 The digital number will be assigned by each state registration authority.
According to the draft, the issuance of a new certificate for old vehicles will cost the owner 20,000 rupees, and the validity period is 10 years. Subsequently, the renewal of the registration will cost the owner an additional 5,000 rupees and will be valid for 5 years.
It also outlines the new law for the sale of vintage cars. The law stipulates that if the buyer and seller notify their respective national transportation authorities within 90 days of the sale or purchase, the sale or purchase of these vehicles is allowed.
The new draft also stipulates that old-fashioned cars cannot be used on a regular basis like other vehicles, nor can car owners use them for commercial purposes. However, the draft does not specify terms that classify the use of these vehicles as “regular.” We think this is fair, because any old or classic car owner is unlikely to use their car often. These cars are almost always used infrequently because they are mainly purchased and maintained as hobbies or emotional value.
According to the draft notice in November 2020, some clubs and collectors have applied to the government for relief of vintage vehicles.
Therefore, this new notice is a major relief for the country’s classic car owners and clubs, because the restricted use and obsolescence policy stipulated in the previous notice was indeed a cause of concern earlier. However, in February, the government clarified that the scrapping plan would be voluntary. Alleviate the worries of classic car owners To a large extent.
Finally, the notice did not mention the guidelines applicable to classic or modern classic vehicles under 50 years of age. However, given that the scrap policy is voluntary, we believe that classic car collectors have no reason to worry and should not deter potential buyers.