Electric Bus

Electric bus supply to Mumbai's BEST lags with only 536 delivered in 3 yrs

A contractor company mandated to deliver 2,100 electric buses to BEST by May 2023 has supplied only 536 buses over three years since the contract was signed, forcing the Mumbai transport service provider to operate with a reduced fleet and scaled-down services. BEST has stated that all buses are now "proposed to be delivered" by August 2025. The company, Olectra Greentech, attributed the delay to disruptions in the supply of battery-fitted chassis from its technology partner, BYD. BEST buses, often considered the arteries of Mumbai's transport network, provide crucial last-mile connectivity for commuters. Over 30 lakh passengers rely on BEST buses daily across the metropolis and its extended suburbs. However, the shortage of buses has led to prolonged waiting times and overcrowding. Under a May 2022 contract, EveyTrans Pvt Ltd, a subsidiary of Olectra Greentech, was supposed to supply 2,100 e-buses under the wet lease model to Brihanmumbai Electricity Supply and Transport Underta

Centre receives demand for 15,000 electric buses from three states

The four states are Gujarat, Telangana and Karnataka

E-buses to drive 50% of India business by FY27: JBM Auto's Nishant Arya

E-buses account for 35% of JBM Auto's revenue at present. The company, a key player in India's automotive sector, particularly in the e-bus segment, has a 30-40 per cent market share in the country

Ashok Leyland dips 5%; Switch Mobility, pledged share, SML Isuzu news weigh

Switch Mobility is contemplating the potential closure of its manufacturing operations in UK due to ongoing economic uncertainties and a slower-than-expected transition to EVs in public transport.

Exponent Energy's 1MW charging tech to cut electric bus costs by 30-40%

The 1MW charging system, which will launch in the next six months, allows for a 15-minute rapid charge, minimising downtime and enabling buses to operate with smaller, lighter batteries

Delhi to get over 1,000 e-buses this month: Transport Min Pankaj Singh

Delhi will receive more than 1,000 electric buses this month, Transport Minister Pankaj Kumar Singh said. Singh, in an interview with PTI, said Delhi's transport sector is currently operating at a loss of Rs 235 crore. The minister said the government is working on a recovery plan and aims to turn the sector profitable within a year. "This month, we will bring more than 1,000 electric buses to Delhi," Singh said. Singh, who is among the six cabinet ministers in Chief Minister Rekha Gupta's government, took oath on February 20 after the BJP formed a government in Delhi for the first time in 26 years. Appointed as the minister for transport, health, and other departments, Singh emphasised the need to make Delhi's transport system more accessible and convenient for the public. "We need to improve public transport so that people rely less on private vehicles. Our first step will be to introduce electric buses in Delhi, followed by further enhancements to strengthen the transport netwo

1,021 electric buses order worth Rs 5,550 crore lifts JBM Auto share 4%

JBM Auto share rose after arm secured an order of 1,021 electric buses worth Rs 5,500 crore

Centre's 1,200 e-buses running in Delhi, more to be introduced: PM Modi

Prime Minister Narendra Modi said on Thursday that over 1,200 electric buses provided by the central government are running in the national capital as part of the wider efforts to reduce carbon footprint. He cited the programme to promote rooftop solar panels as another initiative to this effect. Modi made the remarks during an interaction with students at the Central Hall of Samvidhan Sadan (old Parliament building) where dignitaries, including Congress president Mallikarjun Kharge besides the prime minister, paid tributes to iconic freedom fighter Subhas Chandra Bose on his birth anniversary. When Modi asked a student which slogan of Bose motivates her most, she cited "Give me blood and I promise you freedom", according to an official statement. She said Bose demonstrated true leadership by prioritising his country above all else and this dedication continues to inspire the students greatly. It motivates her to reduce the carbon footprint of the nation, which is a part of the ...

Tender bottlenecks apply brakes on India's electric bus transition

E-bus penetration witnesses minuscule increase last year despite subsidies

343 electric buses order of Rs 1,800 crore sends JBM Auto share 5% higher

The uptick in the JBM Auto share price came after the company announced that it has secured an order for 343 electric buses for Ahmedabad BRTS, Ahmedabad Municipal Transport Service, worth Rs 1,800 cr

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