Published: Dec 14, 2019
The Ministry of Road Transport and Highways (MoRTH) has announced today that the deadline for the implemenation of FASTag as mandatory has been extended by 30 days. National Highways Authority of India (NHAI), had requested MoRTH that an extension be provided as there were still a lot of people who have not been able to get their FASTag due to shortage of FASTag from all the FASTag service provider banks.
According NHAI, as of Dec 6, 2019 the total sales of FASTag across the country was about 1.96 lakhs. Whereas, the total production capacity of FASTag by all the FASTag manufacturers is about 30 to 50,000 per day. The present inventory of FASTags acrose banks is about 18 lakhs. A meeting was convened with the tag manufacturers on Dec 5th, 2019 and with the acuqiring banks on Dec 9th, 2019.
The chip used in the manufacture of RFID tags has to be imported and there is a lead time of about six weeks to get them. Becuase of this lead time and the production capacity, market will have a supply deficit of FASTags.
All you need to know about the extension of FASTag deadline !
If you have not gotten your FASTag, please get it soon.
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