Tata Motors Joins Delhi-NCR Vehicle Replacement Scheme Amid Industry Import Concerns
Tata Motors has signed a Memorandum of Understanding with the Ministry of Road Transport and Highways to offer an 8% discount on eligible trucks and buses under the government's vehicle replacement scheme in Delhi-NCR. The scheme includes a 5% interest subvention and fuel vouchers from the central government, along with tax concessions from state governments. However, industry players have expressed concerns over the absence of localisation norms in the Rs 9,585-crore 'Naya Safar' plan, fearing it may encourage cheaper imports and affect domestic manufacturing investments.