The Union Cabinet has approved a Rs 9,585 crore, two-year scheme to replace old trucks and buses registered in Delhi-NCR, covering Delhi, Haryana, Rajasthan and Uttar Pradesh. Around 2.07 lakh vehicle owners — 1.91 lakh trucks and 16,329 buses — can scrap or sell BS-IV and older vehicles and buy BS-VI or electric replacements. Every transit mixer, tipper and goods carrier on an old emission norm in the region falls inside the eligibility net for the truck category.
The sweeteners are substantial: 5 per cent interest subvention on loans for five years, monthly fuel vouchers worth up to Rs 4,800, registration fee waivers, up to 100 per cent motor vehicle tax concessions for ten years, and 8 per cent ex-showroom discounts from participating OEMs. BS-III and older vehicles must be scrapped at registered facilities; BS-IV units may be sold outside NCR. In Delhi, light goods vehicles under the scheme must be electric.
What it means for buyers: Construction fleet owners in NCR running pre-BS-VI tippers or mixers should price the subvention plus tax waivers into replacement maths now — and expect a wave of scrapped-fleet supply to hit the used market outside NCR.
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