Eicher Trucks and Buses incentivizes purchase of new vehicles

under Vehicle Scrappage Policy supporting national endeavour to phase out old, unsafe and polluting vehicles

Eicher Trucks and Buses, a business unit of VE Commercial Vehicles Ltd, announced its program to incentivise customers to purchase new trucks and buses against a valid Certificate of Deposit of old vehicles under the Government of India's Vehicle Scrappage Policy.  

Under the terms of the scheme, buyers of new vehicles holding a valid Certificate of Deposit from any recognized scrappage centre can receive incentives ranging between 1.25% to 3% of the base vehicle cost of a vehicle with payload or seat capacity equivalent to the scrapped unit. If equivalent vehicles are not available, it would be possible for customers to purchase trucks or buses with immediate higher or lower tonnage or seating capacity. The program is valid from September 1, 2024, and will run for a period of 2 years or until further notice.  To encourage wider acceptance of the program, VECV will allow owners of scrapped vehicles to transfer their Certificates of Deposit to a third party who can then avail themselves of similar incentives.

Commenting on the program, Vinod Aggarwal MD and CEO VECV said, "The forward-looking Vehicle Scrappage Policy by Government represents a transformative step towards promoting a circular economy and encouraging the use of cleaner and safer vehicles. VECV is fully aligned with the policy, and our program aims to incentivize operators of old vehicles of any brand to transition into Eicher’s range of modern, safer and environmentally friendly vehicles."

With its commitment to drive relevant modernization, Eicher Trucks and Buses offers a wide range of industry-leading solutions to Indian commercial vehicle customers. All Eicher vehicles are connected to the industry-first Uptime Centre, which utilizes AI/ML capabilities for remote and predictive diagnostics. Connected with the 'My Eicher' fleet management app, these vehicles provide valuable real-time performance insights. Eicher’s extensive nationwide network comprises 950+ touchpoints, including 450+ authorized service centres and 6600+ retail centres, complemented by 'Eicher Site Support' at 280+ locations, offering seamless assistance to all Eicher Truck and Bus Customers.