<h1>Agreement to deploy 1,000 electric heavy-duty trucks using Rs.500 crore blended climate finance and national subsidies</h1> A government-backed electric vehicle highway program and a private electric truck fleet operator executed an MoU to deploy 1,000 electric heavy-duty trucks following a year-long technical and commercial trial. Deployment is supported by a Rs. 500 crore blended climate financing facility offering viability gap funding and a separate multilateral equity investment; central incentives under a national electric-drive scheme provide per-truck capital subsidies. The arrangement consolidates pilot results, investor due diligence on residual value and repayment risks, and PPP financing commitments, establishing a commercial model for scaling zero-emission trucking across freight corridors, ports and industrial sites while relying on ongoing policy incentives and credit structures to bridge upfront cost differentials.