India, April 11 -- The Pune Municipal Corporation (PMC) auctioned 473 old vehicles and scrap material and earned a revenue of Rs.10.15 crore, said officials of the motor vehicles department.

Jayant Bhosekar, PMC deputy commissioner, motor vehicles department, said that the auction was carried out to phase out old vehicles which had become a liability.

"We have earned Rs.10.15 crore from the sale of old vehicles and spares. A portion of the sum earned will be spent on procuring new vehicles," he said.

The department currently has a fleet of 1,163 vehicles and according to the central government scrap disposal policy rules, there is provision for deregistering vehicles which are over fifteen years.

The vehicle department had stored the ...