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.
The programme is valid from September 1, 2024, and will run for a period of 2 years or until further notice, the company stated.
"The forward-looking Vehicle Scrappage Policy by the government represents a transformative step towards promoting a circular economy and encouraging the use of cleaner and safer vehicles," VE Commercial Vehicles (VECV) MD and CEO Vinod Aggarwal said.
VECV is fully-aligned with the policy, and the initiative aims to incentivise operators of old vehicles of any brand to transition into Eicher's range of modern, safer and environmentally friendly vehicles, he added.
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