New Delhi: Force Motors Ltd has signed a Memorandum of Understanding (MoU) with the Ministry of Road Transport and Highways (MoRTH) to participate in the Centre’s Commercial Vehicle Replacement Scheme for the Delhi-NCR region.
The scheme aims to phase out BS-IV and older-generation trucks and buses operating in the National Capital Region by replacing them with BS-VI-compliant or electric vehicles as part of the government’s efforts to curb vehicular emissions.
Under the agreement, Force Motors will offer an 8 per cent discount on the ex-showroom price of eligible trucks and buses purchased under the scheme through its authorised dealership network in Delhi-NCR.
For electric vehicles, the discount will be capped at the level applicable to an equivalent Internal Combustion Engine (ICE) vehicle in the same Gross Vehicle Weight (GVW) category, according to the agreement.
In addition to the discount offered by participating original equipment manufacturers (OEMs), the Central Government will provide a 5 per cent interest subvention and fixed monthly fuel vouchers for five years to eligible beneficiaries.
Participating state governments will provide up to 100 per cent concession on motor vehicle tax for a period of 10 years and waive registration fees for eligible beneficiaries under the scheme.
Force Motors Managing Director Prasan Firodia said the company welcomed the opportunity to partner with the government in modernising the commercial vehicle fleet in the region and that the initiative aligns with its focus on delivering cleaner and more efficient mobility solutions for fleet operators and customers.
With Force Motors joining the initiative, eight vehicle manufacturers have now signed MoUs with the government for implementation of the scheme.
The other participating OEMs are Ashok Leyland, Switch Mobility, Tata Motors, Mahindra & Mahindra, SML Mahindra, Daimler India Commercial Vehicles (DICV) and Volvo Eicher Commercial Vehicles (VECV).
According to the government, the participating OEMs together account for more than 95 per cent of the trucks and buses market, providing broad industry coverage for implementation of the vehicle replacement scheme in the Delhi-NCR region.