Force Motors Share Price Surges Over 4%; Partners with MoRTH for Commercial Vehicle Replacement Scheme

Force Motors Limited has signed an initial agreement with the Ministry of Road Transport & Highways (MoRTH) to participate in the Central Government's Commercial Vehicle Replacement Scheme for Delhi-NCR, as per a PTI news report. 

Under the initiative, the company will support the implementation of the scheme through its authorised dealership network in the region while extending the prescribed Original Equipment Manufacturer (OEM) benefits to eligible customers in accordance with the scheme guidelines. 

Scheme To Modernise Commercial Fleets 

Earlier this month, the Union Cabinet approved the ₹9,585 crore scheme with a 2-year implementation period. 

The programme is aimed at replacing BS-IV and older trucks and buses registered in Delhi-NCR with BS-VI or stricter emission-compliant commercial vehicles or electric vehicles (EVs). 

Around 2.07 lakh commercial vehicles are expected to be replaced under the scheme, which seeks to accelerate fleet modernisation, reduce vehicular emissions, and promote cleaner commercial mobility. 

Force Motors Participation 

As per the report, Prasan Firodia, Managing Director, Force Motors Limited, said the company has partnered with the Central Government in "this important initiative to modernise the commercial vehicle fleet in the Delhi-NCR region." 

He added that the programme aligns with Force Motors' commitment to delivering "cleaner, more efficient mobility solutions" and will help fleet operators and customers transition to the latest generation of commercial vehicles. 

Scheme Implementation 

The scheme is funded by the National Capital Region Planning Board (NCRPB) under the Ministry of Housing and Urban Affairs (MoHUA). 

Implementation will be carried out by the Ministry of Road Transport & Highways (MoRTH) and the Ministry of Petroleum and Natural Gas (MoPNG). 

Read More: Delhi Power Demand Hits Record 8,748 MW on June 29, 2026! 

Force Motors Share Price Performance  

As of 30 June 2026, at 2:53 PM, Force Motors Limited share price was trading at ₹18,582 per share, reflecting a surge of 4.23% from the previous trading session. 

Conclusion 

The agreement enables Force Motors to participate in the Delhi-NCR commercial vehicle replacement programme, supporting the transition towards newer and cleaner commercial vehicles in the region. 

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