The Haryana Cabinet on Monday approved a scheme granting 100% exemption in motor vehicles tax for the replacement of old trucks and buses (BS-IV or prior emission norms) in the National Capital Region (NCR) districts of the state. The two-year scheme covers trucks and buses registered in Delhi, Haryana, Rajasthan, and Uttar Pradesh.
Key Tax Concessions
Under the new scheme, eligible beneficiaries will receive a 100% vehicle tax concession on the purchase of new BS-VI or stricter norms, electric vehicle (EV), or CNG trucks and buses. Additionally, a 50% motor vehicle tax concession will be granted on the purchase of used BS-VI or stricter norms, EV, or CNG trucks and buses. In both cases, the vehicle tax concession will be valid for a period of 10 years.
Waiver of Registration Fees
Along with the tax rebate, the scheme also provides a waiver of registration fees on the registration of new vehicles purchased under the initiative. This is part of the state's support to the National Capital Region Planning Board to encourage the adoption of cleaner vehicles and reduce pollution in the NCR.
Impact on Fleet Owners
Fleet owners operating older trucks and buses in NCR districts stand to benefit significantly from the tax rebate, which aims to accelerate the transition to cleaner fuel technologies. The scheme is expected to improve air quality in the region by phasing out older, more polluting vehicles.
