Olectra Greentech Limited, Montra Electric (TI Clean Mobility Private Limited) also join the Government of India scheme to provide discount for the replacement of old trucks and buses in Delhi-NCR

**Executive Summary** The Ministry of Road Transport and Highways (MoRTH) has expanded the PARIVARTAN scheme for replacing old trucks and buses in Delhi-NCR by signing Memorandums of Understanding (MoUs) with Olectra Greentech Limited and Montra Electric on July 6, 2026. The scheme, which now includes eleven major manufacturers representing over 95% of the market share, provides significant financial incentives to facilitate fleet modernization. Key benefits include purchase discounts, interest subventions, and tax waivers to encourage the transition to newer, more efficient vehicles. **Key Points / Main Content** **New Scheme Participants** * Olectra Greentech Limited and Montra Electric (through IPLTECH Electric and TIVOLT Electric) are the latest signatories to the PARIVARTAN scheme. * They join nine existing OEMs, including Ashok Leyland, Tata Motors, Mahindra and Mahindra, and Eicher Trucks and Buses. **Manufacturer Discounts** * Participating OEMs will provide an 8 per cent discount on the ex-showroom price of eligible trucks and buses. * For electric vehicles (EVs), the discount is capped at the amount applicable to an Internal Combustion Engine (ICE) vehicle of the equivalent Gross Vehicle Weight (GVW) category. **Central Government Incentives** * A 5 per cent interest subvention is provided to eligible purchasers. * Fixed monthly fuel vouchers will be issued for a duration of five years. **State Government Support** * Participating State Governments will offer up to 100 per cent concession on motor vehicle tax for a period of ten years. * Registration fees for eligible beneficiaries under the scheme will be waived. **Impact Analysis** **Original Equipment Manufacturers (OEMs)** **Impact** Participating manufacturers, now representing the vast majority of the market, are committed to providing mandatory price reductions on new vehicle sales. **Action Required** Apply an 8 per cent discount on ex-showroom prices and ensure EV discounts are capped according to equivalent ICE vehicle weight categories. **Vehicle Owners / Beneficiaries in Delhi-NCR** **Impact** Owners of old trucks and buses gain access to significant financial relief, including lower purchase costs, reduced interest rates, and ongoing operational support through fuel vouchers and tax waivers. **Action Required** Replace old vehicles through the scheme and fulfill eligibility criteria to claim manufacturer discounts and government subventions. **Central and State Governments** **Impact** Government bodies are responsible for the financial and administrative oversight of interest subventions, fuel voucher distribution, and tax exemptions. **Action Required** MoRTH must oversee MoU implementation while participating State Governments must institutionalize the 10-year tax concessions and registration fee waivers.

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