Eicher launches programme to incentivise customers scrapping old vehicles

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Eicher launches programme to incentivise customers scrapping old vehicles - Business Standard

Quick Summary:

Under the terms of the scheme, buyers of new vehicles holding a valid 'Certificate of Deposit' from any recognised scrappage center can receive incentives ranging between 1.25 per cent to 3 per cent of the base vehicle cost of a vehicle with payload or seat capacity equivalent to the scrapped unit, the company said in a statement.

In case 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, it added.

Eicher Trucks and Buses, a business unit of VE Commercial Vehicles, on Thursday said it has launched a programme to incentivise customers for scrapping old vehicles to purchase new trucks and buses.