Buying private vehicles in the national capital will become costlier as the AAP government today proposed to increase the vehicle registration tax by 25 per cent.
The government's move will be applicable on those private vehicles registered in the name of companies and partnership firms and the proposal will not affect individuals, Deputy CM Manish Sisodia while presenting the Delhi Budget.
"I also propose to increase the registration tax by 25 per cent of the existing rate for all categories of private vehicles registered in the name of companies and partnership firms. The proposal will not affect individuals," he said.
According to Economic Survey, the vehicular population in the national capital has registered over 6 per cent increase with a total of 88.27 lakh vehicles in comparison to last year.
There were 88.27 lakh vehicles, including 27,90,566 cars and jeeps, during 2014-15 while in 2013-14, the vehicular population was 82.58 lakh.
The total number of motor vehicles on road in Delhi as on March 31, 2015 touched 88.27 lakh, showing an increase of 6.4 per cent over previous year.
