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25 June 2026 AGREEMENTS

Daimler India Commercial Vehicles (DICV), the owner of the Bharat Benz brand, has signed an MoU with the Ministry of Road Transport and Highways (MoRTH) to support the vehicle replacement initiative of the Government of India.

The scheme focuses on the replacement of old trucks and buses in the Delhi-National Capital Region (NCR) to encourage fleet modernisation. Under the agreement, the original equipment manufacturer (OEM) will provide an 8% discount on the ex-showroom price of eligible trucks and buses purchased under the scheme.

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