Date: 2026-06-23Category: Press ReleaseState: Union GovernmentCountry: India
Daimler India Commercial Vehicles (DICV) also joins the Government of India scheme to provide discounts for the replacement of old trucks and buses in Delhi-NCR
**Summary of the Government of India Scheme for Replacement of Old Commercial Vehicles in Delhi-NCR**
**Overview**
On June 23, 2026, the Ministry of Road Transport and Highways (MoRTH) signed a Memorandum of Understanding (MoU) with Daimler India Commercial Vehicles (DICV), the parent company of the Bharat Benz brand. This agreement integrates DICV into the government’s initiative to replace aging trucks and buses in the Delhi-NCR region.
**Financial Incentives and Discounts**
The scheme provides a multi-layered financial support structure to encourage the adoption of newer, more efficient vehicles:
* **OEM Contribution:** Participating Original Equipment Manufacturers (OEMs), including DICV, will provide an 8% discount on the ex-showroom price of eligible trucks and buses. For electric vehicles, this discount is capped at the amount applicable to an equivalent Internal Combustion Engine (ICE) vehicle of the same Gross Vehicle Weight (GVW).
* **Central Government Support:** The Union Government offers a 5% interest subvention and fixed monthly fuel vouchers for a duration of five years.
* **State Government Support:** Participating State Governments will provide a waiver of registration fees and up to a 100% concession on motor vehicle tax for a period of ten years for eligible beneficiaries.
**Industry Participation**
DICV joins several other major manufacturers that have already signed the MoU, including Ashok Leyland, Switch Mobility, Tata Motors, Mahindra and Mahindra, and SML Mahindra. Collectively, these participating companies represent 85% of the market share in the trucks and buses segment, ensuring broad implementation coverage for the scheme.
**Administrative Information**
* **Release Date:** 23 June 2026
* **Source:** PIB Delhi (Ministry of Road Transport & Highways)
* **Release ID:** 2277136
* **Language Availability:** Urdu, Hindi, and Tamil
Key Entities Referenced
Ministry of Road Transport and Highways (MoRTH): The primary government ministry responsible for signing the MoU and implementing the vehicle replacement initiative.
Scheme for replacement of old trucks and buses: A government initiative offering discounts, interest subventions, and tax concessions to encourage the scrapping of old commercial vehicles.
Daimler India Commercial Vehicles (DICV): The automotive manufacturer that signed the MoU to provide an 8 per cent discount on new trucks and buses under the scheme.
Delhi-NCR: The specific geographical region where the commercial vehicle replacement scheme is being implemented.
Ministry of Road Transport & Highways
Daimler India Commercial Vehicles (DICV) also
joins the Government of India scheme to provide
discounts for the replacement of old trucks and
buses in Delhi-NCR
प्रव तथ: 23 JUN 2026 6:10PM by PIB Delhi
The Memorandum of Understanding (MoU) under the Government of India's scheme for replacement of
old trucks and buses in the Delhi–NCR region was signed today between the Ministry of Road Transport
and Highways (MoRTH) and DICV, who owns the Bharat Benz brand.
Under the agreement, the OEM will provide an 8 per cent discount on the ex-showroom price of eligible
trucks and buses purchased under the scheme. For electric vehicles, the discount shall be capped at the
discount applicable to an Internal Combustion Engine (ICE) vehicle of the equivalent Gross Vehicle
Weight (GVW) category.
In addition to the 8 per cent discount offered by participating OEMs, the Central Government will provide
5 per cent interest subvention and fixed monthly fuel vouchers for a period of five years. Participating
State Governments will provide up to 100 per cent concession on motor vehicle tax for a period of ten
years and waiver of registration fees for eligible beneficiaries under the scheme.
Earlier, Ashok Leyland, Switch Mobility, Tata Motors, Mahindra and Mahindra, SML Mahindra have also
signed the MoU with the Government for implementation of the scheme. These companies have a
combined market share of 85% in trucks and buses, which provides significant coverage forimplementation of the scheme.
***
GDH/DS/HJ
(रलीज़ आईडी: 2277136) आगंतुक पटल : 272
इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , ही , Tamil