Soon Indian automobile manufacturers will be delivering their cars fitted with the tamper-proof high-security registration plates (HSRP), which is said to reduce the price of the registration cost of four-wheelers at the Regional Transport Offices (RTO).
“We have taken an important decision. Now, manufacturers will fit the plates and embossing will be done later through the machine,” said Nitin Gadkari, Union Minister.
Currently, the on-road price of any car is the sum of the ex-showroom price of the vehicle, insurance, Fast Tag and the most important the RTO fees. Falling between the price tag of Rs 800 to Rs 40,000, the RTO fees are based on the type of four-wheeler and the registering states.
However, with the new scheme, since the manufacturers will be purchasing the HSRPs in bulk, the plate price will be included in the cost of the vehicle thus will result insubsidised car prices.
According to Gadkari, there would be no compromise in terms of security for all the drivers whether they are driving a budget variant or the luxury across all the segments like SUV, hatchback or sedans. It is also said to bring uniformity across states by standardising the design.
Furthermore, as per a report by TOI, the dealer will be responsible for replacement in case of any defect, and the number plate will come with a 15-year guarantee.