Date: 2026-06-29Category: Press ReleaseState: Union GovernmentCountry: India
Volvo Eicher Commercial Vehicles (VECV), Force Motors and Pinnacle Mobility Solutions also join the Government of India scheme to provide discount for the replacement of old trucks and buses in Delhi-NCR
**Summary of Government Scheme for Replacement of Old Commercial Vehicles in Delhi-NCR**
**Overview**
The Ministry of Road Transport and Highways (MoRTH) has expanded its scheme for the replacement of old trucks and buses in the Delhi-NCR region. A Memorandum of Understanding (MoU) was recently signed with three additional Original Equipment Manufacturers (OEMs): Eicher Trucks and Buses (a business unit of Volvo Eicher Commercial Vehicles), Force Motors, and Pinnacle Mobility Solutions. This brings the total number of participating OEMs to nine, collectively representing more than 95% of the market share in the trucks and buses segment.
**Key Financial Incentives and Metrics**
The scheme provides a multi-layered incentive structure to encourage the decommissioning of older vehicles in favor of newer, more efficient models:
* **OEM Discount:** Participating manufacturers will provide an 8% discount on the ex-showroom price of eligible trucks and buses.
* **Electric Vehicle (EV) Provision:** For 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 Support:** The Union Government will provide a 5% interest subvention and fixed monthly fuel vouchers for a duration of five years.
* **State Government Concessions:** Participating State Governments will offer a waiver of registration fees and up to a 100% concession on motor vehicle tax for a period of ten years.
**Participating Manufacturers**
The three new signatories join six previously onboarded OEMs:
1. Ashok Leyland
2. Switch Mobility
3. Tata Motors
4. Mahindra and Mahindra
5. SML Mahindra
6. Daimler India Commercial Vehicles (DICV)
7. Eicher Trucks and Buses (VECV)
8. Force Motors
9. Pinnacle Mobility Solutions
**Administrative Information**
* **Release Date:** June 29, 2026
* **Origin:** PIB Delhi, Ministry of Road Transport & Highways
* **Release ID:** 2279133
Key Entities Referenced
Scheme for replacement of old trucks and buses: A Government of India initiative providing financial incentives, including an 8% discount, interest subvention, and tax concessions, for fleet modernization.
Ministry of Road Transport and Highways (MoRTH): The nodal ministry responsible for implementing the vehicle replacement scheme and signing MoUs with original equipment manufacturers.
Delhi-NCR: The specific geographical region defined as the target area for the applicability of the truck and bus replacement scheme.
Volvo Eicher Commercial Vehicles (VECV): A major commercial vehicle manufacturer and key signatory to the agreement for providing purchase discounts under the scheme.
Force Motors: An automobile manufacturer that has joined the government initiative to offer discounts for the replacement of old commercial vehicles.
Ministry of Road Transport & Highways
Volvo Eicher Commercial Vehicles (VECV), Force
Motors and Pinnacle Mobility Solutions also join
the Government of India scheme to provide
discount for the replacement of old trucks and
buses in Delhi-NCR
प्रव तथ: 29 JUN 2026 8:01PM 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 three OEMs of trucks and buses, including Eicher Trucks and Buses
(business unit of VECV), Force Motors and Pinnacle Mobility Solutions.
Under the agreement, the OEMs 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, six other OEMs – Ashok Leyland, Switch Mobility, Tata Motors, Mahindra and Mahindra, SML
Mahindra, Daimler India Commercial Vehicles (DICV) – have also signed the MoU with the Government
for implementation of the scheme. The nine OEMs who have signed MoUs have a combined market share
of more than 95% in trucks and buses, which provides significant coverage for implementation of the
scheme.
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GDH/DS
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