Electric Bus

Mumbai aims to have more than 50% electric buses in fleet by 2025-26

The civic-run Brihanmumbai Electric Supply and Transport (BEST) undertaking wants its fleet to have more than 50 per cent electric buses by 2025-26 and then raise the number to 8,000 in the subsequent years. In a release issued during the day, the metropolis' premier road transport undertaking said it has set an ambitious goal to have 100 per cent zero-emission electric bus fleet by 2026-27. An order has been placed for 2,650 single-decker electric buses, it added. On Thursday, BEST general manager Anil Diggikar presented the undertaking's Rs 9439.56 crore budget to Brihanmumbai Municipal Corporation commissioner and administrator Bhushan Gagrani for 2025-26. "In the Rs 1 lakh surplus budget, BEST's estimated deficit is of Rs 2086.33 crore, as its electric supply wing is estimated to get a profit of Rs 46.18 crore, but the transport wing is estimated to face a deficit of Rs 2131.51 crore. Capital expenditure for 2025-26 is expected to be Rs 1849.24 crore, while showing an expected

BYD recalling 97,000 top-selling EVs on steering component fault: Regulator

Dolphin and Yuan Plus were BYD's two top-selling models in 2023, which in total accounted for 26% of its 3 million cars sold in the year

E-bus drive set for boost, but delay in tendering poses challenge

PM E-DRIVE and PSM schemes instil confidence among e-bus manufacturers

EU, China should build bridges, avoid trade war: Spanish PM Pedro Sanchez

This week, China renewed negotiation efforts seeking to overturn the proposed duties on Chinese EVs

US industry looks for easing of steep Biden-Harris China tariff hikes

National Security Adviser Jake Sullivan will meet with Wang in a visit aimed at keeping U.S.-China tensions in check with the November U.S. election fast approaching

Olectra Greentech stock zooms 13% on reporting 34% growth in Q1 net

Olectra Greentech Q1FY25 consolidated net profit rose to Rs 24.25 crore from Rs 18.07 crore in Q1FY24. Prior to today, the stock had shed 20 per cent in the last one month.

AIIMS Delhi to introduce e-bus service for on-campus patient transport

This service aims to resolve problems related to long walks, expensive autorickshaws, and the unavailability of transport options

Pvt operators seek Bengal govt nod to run state-owned buses via PPP model

A body of private bus operators in West Bengal has urged the state transport department to allow its members whose 15-year-old vehicles need to be scrapped by August to opt for a public-private-partnership model in which they can run state-owned buses against a monthly payment. The association sent a letter to Transport Minister Snehasis Chakraborty on Tuesday to allow such operators to opt for the PPP model, known as Bus Franchise Operators (BFOs), on a bigger scale and save them from financial losses, Joint Council of Bus Syndicate General Secretary Tapan Banerjee told PTI. In compliance with a Calcutta High Court order, 15-year-old buses and other commercial vehicles are required to be phased out from city roads. The buses, which hit roads in 2009 or 2010 will stop running in 2024 or 2025. Banerjee said that as part of the PPP model, private operators can run non-operating state-owned buses and pay Rs 14,000 a month to the transport corporation concerned. Already private operat

JBM Auto rallies 4% on inking pact with MUON India for 2,000 electric buses

Macquarie Group has rolled out 'Vertelo,' an EV financing platform in India, offering financing, fleet management, and charging infrastructure solutions

US suggests additional tariffs if China moves EV production to Mexico

The Biden administration is suggesting that additional tariffs could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. But Chinese EV company BYD has previously indicated that it was looking at factory sites in Mexico for the Mexican market, creating a possible loophole to avoid the expanded tariffs. Asked at the White House news briefing about new tariffs should Chinese companies launch production in Mexico, U.S. Trade Representative Katherine Tai said, Stay tuned. Tai said that additional tariffs would require a separate pathway from the Section 301 review of the Trade Act of 1974. That four-year review led to the tariffs on $18 billion worth of

Govt plans electrifying interstate buses with charging infra on key routes

Nearly 1.25-1.45 million buses (mainly diesel) operate on intercity or interstate routes currently, with around 250,000 controlled by state governments

JBM Auto surges 10% as arm bags Rs 7,500 cr order for 1,390 electric buses

The order will be executed within 12-18 months. At 11:10 am; JBM Auto was trading 6 per cent higher at Rs 1,987, as compared to a 0.86 per cent decline in the S&P BSE Sensex

Delhi gets another 350 electric buses, overall number increases to 1,650

Delhi has now become the city with the maximum number of electric buses in the country

EV leasing firm Alt Mobility raises $6 million to scale up operations

Electric vehicle leasing and lifecycle management platform Alt Mobility on Thursday said it has raised USD 6 million (nearly Rs 50 crore) in a funding round co-led by Shell Ventures, Eurazeo, EV2 Ventures and Twynam. UC Inclusive, Piper Serica, Pitchright and LetsVenture also participated in the round, which is a mix of equity and venture debt, the company said in a statement. The capital will be used for hiring engineering team to scale its Electric Vehicle (EV) asset management platform FleetOS, it added. It will also be used for setting up new verticals for fleets including drive-to-own model, parametric insurance, fleet depots and battery refurbishment unit, the company said. Besides, Alt Mobility said it plans to expand its presence in over 20 cities aiming to achieve an (Assets Under Management) AUM of USD 100mn in the next two years.

Ram mandir opening: GreenCell Mobility to deploy 150 e-buses in Ayodhya

The 150 electric buses are expected to accommodate over 25 million devotees visiting the city until March 2024

EKA Mobility will supply 1,000 intercity electric buses to GreenCell

Electric vehicle maker EKA Mobility on Wednesday said it will supply 1,000 intercity electric buses to GreenCell Mobility. The two companies have signed a Memorandum of Understanding (MoU), under which 1,000 intercity electric buses in 12-metre and 13.5-metre categories would be supplied by the company to GreenCell Mobility in the next few years, EKA Mobility said in a statement. EKA Mobility will be responsible for supply, sales, and service of these buses, along with delivering quality certification reports. "Our collaboration with GreenCell Mobility is strategically positioned to usher in a cleaner, more sustainable future through electric mass transportation," EKA Mobility Founder and Chairman Sudhir Mehta said. GreenCell Mobility MD and CEO Devndra Chawla said,"This partnership not only strengthens our position in the market but also significantly aligns with our long-term vision for sustainable mobility.

By April, 1,400 new electric buses will be inducted in BMTC: Karnataka CM

Karnataka Chief Minister Siddaramaiah on Tuesday said that 1,400 new electric buses will be added to the Bengaluru Metropolitan Transport Corporation by April next year. In the first phase, he flagged off 100 non-AC electric buses of the BMTC at Vidhana Soudha here. "So far, Karnataka women have undertaken 120 crore rides in state transport buses for free since the launch of the Shakti scheme. A total of 40 lakh people travel on BMTC every day. In this, women of all castes, all religions and all walks of life are travelling for free," he said. The new electric buses have been added to promote public transport services and also curb increasing vehicular pollution in the city, he added. Siddaramaiah accused the BJP of criticising its free bus travel service for women and questioned why it did not implement this welfare scheme when it was in power. He also explained the effective results of this scheme. "Due to our guarantees, the purchasing power of people and the economic activity

Electric buses penetration set to double to 8% next fiscal: Report

Despite the lingering counterparty risks and poor availability of charging stations, the share of electric buses (e-buses) is set to double to 8 per cent next fiscal, driven by supportive policy measures and favourable ownership costs, says a report. Citing the government focus on overall decarbonisation with the primary thrust being public transport as the main enabler along with favourable total cost of ownership, a Crisil Ratings report on Monday said this will drive the sales of e-buses in overall bus sales which is on course to hit 8 per cent of the new sales next fiscal from around 4 per cent this fiscal. Concerted efforts are underway to deploy e-buses via tenders already awarded under the faster adoption and manufacturing of (hybrid and) electric vehicles or the Fame scheme and the national electric bus programme (NEBP). When it comes to favourable total cost of ownership of an e-bus compared to internal combustion engine and compressed natural gas buses, the report credits

Govt considering termination of FAME subsidy for electric two-wheelers

Earlier, the finance ministry expressed its concerns about the continuation of the scheme, now, other government departments have also agreed to North Block's views

CM Kejriwal flags off 500 electric buses in Delhi taking total to 1,300

Delhi Lieutenant Governor V K Saxena and Chief Minister Arvind Kejriwal flagged off 500 electric buses here on Thursday, taking the number of such buses in the national capital to 1,300. In a post on 'X', Transport Minister Kailash Gahlot said no other city in the country has so many electric buses plying. "Delhi will now have maximum number of electric buses in the country," he said. As many as 800 electric buses have been plying on Delhi roads since January 2022. These buses have covered a distance of more than 42 million kilometres and cut more than 34,000 tonnes of carbon dioxide so far, an official said. By 2025, Delhi will have a total of 10,480 buses with electric ones making up 80 per cent of the fleet. This will help cut 4.67 lakh tonnes of carbon dioxide annually, according to the official. The new buses are disabled-friendly, air-conditioned, emit zero smoke and noise, and are equipped with GPS, CCTVs and panic buttons.