Mexico publishes guidelines for modernizing passenger and cargo trucks; maximum financing up to 15 million pesos

Mexico's Secretariat of Infrastructure, Communications and Transport (SICT) has released new guidelines aimed at modernizing the country's fleet of heavy-duty vehicles. The program focuses on replacing and updating trucks, tractor-trailers, and buses used in federal passenger and cargo transport services.

Published in the Official Gazette of the Federation (DOF), the initiative seeks to boost the renewal of the vehicle fleet while ensuring the financial stability of small and medium-sized transport operators. Through financing schemes, micro and small transport companies, defined as those operating between one and 30 units, can acquire new or semi-new vehicles.

Federal government guarantees, provided by Nacional Financiera (NAFIN), will back the financing. These guarantees will offer accessible interest rates, flexible payment terms, and favorable conditions for participants. The program is designed to support individuals and legal entities whose primary activity is federal passenger and cargo transport.

Under a shared risk modality, the maximum financing amount available is up to 15 million pesos, or its equivalent in U.S. dollars. To qualify, participants must be permit holders for federal transport services with a fleet of up to 30 units and possess a permit issued by the SICT that has been active for at least three years. The program's duration is indefinite, contingent on the availability of budgetary funds from the SICT.