Delhi-NCR truck replacement scheme: Tata Motors signs MoRTH MoU, offers 8% discount

Tata Motors has signed up for a government scheme that offers incentives to replace older trucks and buses in Delhi-NCR, according to an official statement issued on Thursday. The move links the company with a wider plan to support buyers through price cuts and other financial benefits. The scheme applies to eligible commercial vehicle purchases made under its rules.

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An MoU under the Government of India’s replacement scheme was signed on Thursday between the Ministry of Road Transport and Highways (MoRTH) and Tata Motors, the statement said. Under this agreement, Tata Motors will give an 8 per cent discount on the ex-showroom price. The discount covers eligible trucks and buses bought through the scheme.

Tata Motors discount under Delhi-NCR old truck and bus replacement scheme

The statement said the 8 per cent reduction applies to qualifying vehicles purchased through the programme. For electric vehicles, Tata Motors will offer a discount equal to the amount applicable to an Internal Combustion Engine (ICE) vehicle. The comparison will be based on the equivalent Gross Vehicle Weight (GVW) category. This keeps benefits aligned across powertrains.

Government support with Tata Motors scheme for old truck and bus replacement

Along with the 8 per cent discount from participating original equipment manufacturers (OEMs), the central government will provide a 5 per cent interest subvention, the statement added. It also includes fixed monthly fuel vouchers for five years. These measures are designed to reduce the overall cost of replacing older commercial vehicles in Delhi-NCR.

The statement said participating state governments will provide up to 100 per cent concession on motor vehicle tax for ten years. State support will also include a waiver of registration fees for eligible beneficiaries. These incentives will apply under the same scheme conditions and are meant to add to the support offered by OEMs and the Centre.

Ashok Leyland and Switch Mobility deals linked to Tata Motors scheme

Earlier in the week, Ashok Leyland and Switch Mobility signed similar agreements with the government to help roll out the scheme. The statement noted that, together, these companies hold around 50 per cent market share in trucks and buses. Their participation is expected to cover a large part of the commercial vehicle market under the plan.

With the MoRTH-Tata Motors MoU signed on Thursday, the scheme now includes another major truck and bus maker for Delhi-NCR. The plan combines OEM discounts with central interest support and fuel vouchers, plus state tax and fee relief. The statement also noted that similar pacts were signed earlier this week by Ashok Leyland and Switch Mobility.

With inputs from PTI