Eicher Trucks and Buses has introduced a new program to incentivise the purchase of new vehicles in line with the Government of India’s Vehicle Scrappage Policy. This initiative is designed to support the national effort to remove old, unsafe, and environmentally harmful vehicles from the roads. As part of this program, customers holding a valid Certificate of Deposit for scrapped vehicles will be eligible for incentives ranging from 1.25% to 3% of the base cost of a new vehicle. This offer applies to purchases of new trucks and buses that match the payload or seating capacity of the scrapped units.
Eicher’s incentive scheme is directly aligned with this policy, encouraging vehicle owners to replace their old models with newer, safer, and more efficient alternatives. The program is set to commence on September 1, 2024, and will be available for a period of two years, unless extended or modified by the company. Additionally, to make the program more accessible, the scheme allows for the transfer of Certificates of Deposit. This means that vehicle owners who choose to scrap their old vehicles can pass on the certificate to a third party, enabling them to benefit from the same incentives.
For those interested in the scheme, detailed information is available at Eicher Truck and Bus dealerships across India.
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