Page 3 - Electric Bus

Tata Motors delivers prototype of indigenously-developed e-bus to BMTC

Tata Motors on Friday delivered a prototype of its indigenously-developed electric bus to the Bengaluru Metropolitan Transport Corporation. The Bengaluru Metropolitan Transport Corporation (BMTC) has placed an order for 921 advanced e-buses with the auto major, Tata Motors said in a statement. As part of the larger order signed between TML Smart City Mobility Solutions Ltd -- a wholly-owed subsidiary of Tata Motors -- and BMTC, the company will supply, operate and maintain 921 units of 12-metre low-floor electric buses for 12 years, the statement said. The bus is equipped with modern features, providing commuters a hassle-free travel experience, Asim Kumar Mukhopadhyay, managing director and chief executive officer at TML Smart City Mobility Solutions Limited, said. To date, Tata Motors said it has supplied over 900 e-buses across multiple cities in the country.

JBM Auto shares surge 11% following 5,000 electric buses order from STUs

The company sells sheet metal components, tools, dies & moulds and buses including sale of spare parts, accessories and maintenance contract of buses

JBM Auto zooms 18% on securing contract for supply of 5,000 electric buses

Thus far in the calendar year, the stock has skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.

Huge opportunity in electric tractors, trucks: Tube Investments of India

Engineering company Tube Investments of India Ltd is looking to tap a huge opportunity for electric tractors in agriculture and e-trucks in the commercial vehicles as it eyes a larger presence in the electric vehicle segment. The company, part of the diversified conglomerate Murugappa Group, is currently engaged in the manufacturing of e-tractors at its facility in Apex Park in Chennai and for e-trucks in Manesar in Haryana, Executive Chairman M A M Arunachalam said. "The automotive sector in India is shifting towards sustainable mobility. Environmental mandates to reduce CO2 emissions are driving countries towards the adoption of cleaner, non-fuel, non-polluting modes of transportation," he said. Electric vehicles have emerged as the forerunner of the clean and green transportation mission with wide global adoption, the senior official said. Tube Investments of India forayed into the electric vehicle business with the acquisition of 65.2 per cent stake in IPLTech Electric Pvt Ltd

BillionElectric raises $10 mn in seed fund round, launches e-MaaS platform

E-Maas (electric mobility as-a-service) platform BillionElectric on Tuesday announced its entry into the domestic market and said it has secured USD 10 million in a seed round of funding. The capital infusion, which is in the form of equity and lease funding, will be strategically allocated for the deployment of electric tarmac buses at the Bengaluru international airport; and development of a mid-mile heavy EV trucks platform, the company said in a statement. The company said it has already inked a contract to expand its services to 10 additional airports pan-India, following the initial launch in Bengaluru in collaboration with a partner. The funds raised will play a vital role in supporting and accelerating the expansion of operations, it said. "We announce the launch of E-Maas platform BillionElectric accompanied by the successful completion of our seed funding round. Over the last two years of product development and software innovation, this is our significant investment, sa

US, India to build payment security system to put 10,000 e-buses on roads

Move will boost India's focused efforts in reducing greenhouse gas emissions, improving public health, and diversifying global supply chain

Sukhu flags off 20 new e-buses of HRTC, to replace 1,500 buses in phases

The capital city of Himachal Pradesh, Shimla now has 20 more electronic buses. With this, the total number of e-buses operational in the city has gone up to 70

Electric bus of BEST catches fire while parked in Mumbai depot: Official

An electric air-conditioned bus of the civic-run Brihanmumbai Electric Supply and Transport (BEST) caught fire while parked in a depot in suburban Malvani on Friday afternoon, an official said. Nobody was injured in the incident. The fire started around 2.55 pm on the rooftop of the single decker e-bus manufactured by Tata Motors, said a BEST spokesperson. "The fire brigade was called immediately and the fire was doused," he added. The bus, hired from a private contractor, had completed a 53 km run since Friday morning on route no 359 and arrived at the depot around 1 pm, the spokesperson said. " Officials are investigating the cause of the fire," he added. A civic official said the fire started in the AC unit installed on the roof of the bus. As the bus was empty, nobody was injured, he added.

As govt cuts down subsidy, EV two-wheelers may get costlier from June 1

The government earmarked Rs 10,000 crore for a period of three years under the FAME-II scheme. The scheme ended in June 2021 and was extended for a period of two years

Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4

The company is primarily engaged in the manufacturing of electric buses and composite polymer insulators

Top 5 headlines: India Inc's net profit in Q4, FAME funds allocation & more

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Olectra Greentech net profit rises 52% to Rs 27 cr in March quarter

Electric bus manufacturer Olectra Greentech posted a 52 per cent rise in its consolidated net profit to Rs 27.01 crore in the March quarter, mainly on the back of higher revenues. "The consolidated net profit for Q4 FY23 (January to March 2023) was Rs 27.01 crore, as compared to a net profit of Rs 17.77 crore in Q4 FY22 (January to March 2022)," a company statement said on Friday. Its consolidated revenue for the quarter stood at Rs 375.91 crore, up 39 per cent year-on-year, from Rs 271.3 crore in same period a year ago. The consolidated net profit for FY23 was up 86 per cent Rs 65.59 crore as against Rs 35.35 crore in FY22. For FY23, the consolidated revenue increased 84 per cent to stand at Rs 1,090.76 crore as compared with Rs 593.26 crore in the year-ago period. "We are pleased to report strong growth in both our standalone and consolidated revenue and profitability for the year ended March 31, 2023," Olectra Greentech Chairman and Managing Director K V Pradeep said in the ...

Delhi govt to add 100 electric buses to DTC fleet by April first week

The Delhi Transport Corporation is likely to add 100 more electric buses to its fleet by March-end or the first week of April, officials said on Sunday. The new additions will take the Delhi Transport Corporation's (DTC) electric bus fleet to 400. Delhi Transport Commissioner Ashish Kundra recently visited Tata Motors' Lucknow plant to inspect the buses. Last month, DTC MD Shilpa Shinde visited Karnataka to oversee the prototype models. "We will get 100 electric buses by March-end or the first week of April. After that, 200-250 buses will arrive every month. "A DTC team had gone to Karnataka to see the prototype. It has been cleared and now we have come to the manufacturing plant in Lucknow for a formal inspection of the buses," said an official. Equipped with security features such as CCTV cameras and panic buttons, these buses will hit the national capital's roads in the next three to four weeks following the configuration and registration process, he added. The 100 new electri

Stock of this electric bus manufacture has zoomed 68% in 10 trading days

In the past three trading days,Olectra Greentech has rallied 24% after EVEY received two Letter of Awards from the Telangana State Road Transport Corporation for 550 Electric Buses

J-K govt to procure 200 e-buses for environment-friendly public transport

The Jammu and Kashmir government is procuring a fleet of 200 electric buses to establish environment-friendly and socially sustainable network of public transport in the Union Territory's twin capital cities of Jammu and Srinagar, officials said on Friday. For this, Tata Motors has been given land to build the depot whose construction has started, they said. The Jammu and Kashmir government is procuring 100 e-buses each for both the capital cities, the officials said. The electric buses will establish an environmentally, socially and financially sustainable network of public transport in the city, said Chief Executive Officer (CEO) Jammu Smart City Limited (JSCL) Rahul Yadav who reviewed the project. He said that the electric buses will play a vital role in facilitating tourists as well as people.

Electric vehicle manufacturer EKA Mobility bags order of 310 electric buses

With this order, EKA Mobility's order book has grown significantly, with more than 500 electric buses and over 5,000 electric light commercial vehicle orders in the pipeline

All 7,000 e-buses under FAME-II to run on roads in next one year: Official

Joint secretary in the heavy industries ministry Hanif Qureshi said that out of the 7,000 electric buses, over 3,000 e-buses are already operating in the country

Auto Expo 2023: VECV unveils intercity electric bus to cover 500 km

VE Commercial Vehicles unveiled a range of vehicles, including an intercity electric bus that can travel up to 500 kilometers with a mix of depot and 30-40 minute opportunity charging during a journey

GreenCell Mobility bags order for 570 electric buses from Delhi government

Shared e-mobility player GreenCell Mobility Ltd (GreenCell) on Monday said it has bagged an order for 570 electric buses from the Government of NCT Delhi. A tender was floated by state-owned Convergence Energy Services Ltd (CESL) under National E-bus Program (NEBP) for the order, the company said in a statement. "This contract for 6,465 E-buses under Gross Cost Contracting (GCC) basis is the largest tender for E-buses ever floated in India," it said. GreenCell had bid for 1,900 low-floor e-buses, in the tender floated by CESL, a government of India undertaking, and got a contract for 570 e-buses to be deployed over the next two years.

Switch Mobility, 2 others bag $362-million e-bus contracts by CESL: Repor

A senior CESL official, who did not want to be named, said the exact quantities being awarded to the three companies would be known by Friday