en.Wedoany.com Reported - Ashok Leyland and its electric mobility subsidiary Switch Mobility have signed the first Memorandum of Understanding (MoU) with India's Ministry of Road Transport and Highways (MoRTH) under the vehicle replacement program for Delhi-National Capital Region (Delhi-NCR). Under the agreement, the two companies have become the first original equipment manufacturers (OEMs) to partner with the program's implementation plan, offering an 8% discount on the ex-factory price of eligible trucks and buses purchased under the program.

For electric vehicles, the discount cap will be set at the level applicable to internal combustion engine (ICE) vehicles in the corresponding gross vehicle weight (GVW) category. In addition to the OEM discount, the central government will provide a 5% interest subsidy and a fixed monthly fuel voucher for five years. Participating state governments will offer a 100% motor vehicle tax exemption for up to ten years and waive registration fees for eligible beneficiaries. The ministry stated that the signing of the first MoU marks a significant milestone in the program's implementation, aimed at reducing vehicle pollution and modernizing the commercial vehicle fleet in Delhi-NCR.

The program incentivizes owners of trucks and buses registered in Delhi-NCR that meet Bharat Stage IV (BS-IV) or earlier emission standards to replace them with vehicles meeting Bharat Stage VI (BS-VI) or higher emission standards, including electric trucks and buses. According to the ministry, more automakers are expected to join the program in the coming weeks, expanding participation and supporting the broader adoption of clean electric mobility technologies.

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