Eicher Trucks & Buses
Eicher launches programme to incentivise customers scrapping old vehicles
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. 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. 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 u
 "Eicher launches programme to incentivise customers scrapping old vehicles")
Eicher Motors net profit drops 14% at Rs 456 crore in Q3 as sales drop
The company had posted a consolidated net profit of Rs 532.59 crore in the December quarter of 2020-21
 "Eicher Motors net profit drops 14% at Rs 456 crore in Q3 as sales drop")
Eicher Trucks & Buses to set up a second manufacturing plant to meet demand
he new facility, the location of which is yet to be ascertained, will have an annual capacity of 50,000 vehicles
 "Eicher Trucks & Buses to set up a second manufacturing plant to meet demand")
