Policy Shift: The ?9,585-Cr Scrap Framework Transforming Delhi-NCR Logistics Now, a ?9,585 crore government-backed incentive programme could finally force a replacement cycle that the CV industry has been waiting for. Most importantly, this comes at a time when, according to CRISIL Ratings, the CV industry is expected to reach a record volume of around 12.4 lakh units in FY27, the last time seen in FY19. That said, the project is a two-year scheme to replace around 2.0 lakh old commercial vehicles across Delhi-NCR, including 1.91 lakh trucks and more than 16,000 buses. Fleet owners will receive a combination of interest…
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