Page 4 - Electric Bus

TMS Ep502: Indian economy, PM e-bus Sewa, markets, Parliamentary privilege

Are fresh headwinds hurting the Indian economy? Is India's plan to buy 10,000 electric buses enough? What can move the needle on markets now? What is parliamentary privilege? All answers here

Weekend Bites: E-transport, falling rupee, moon shot, and horror in court

In which we munch over the week's platter of news and views

PM-eBus Sewa to act as catalyst for EV promotion across urban centres: SMEV

The PM-eBus Sewa will act as a catalyst for promotion of electric vehicles across urban centres to drive the penetration of electric mobility, Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday. "Buses being a pivotal source of urban pollution, the decision will help substantially reduce pollution levels and consequential carbon emissions," SMEV Director General Sohinder Gill said in a statement. "Moreover, this strategic manoeuvre is set to act as a catalyst for the promotion of electric vehicles across diverse urban centres, enabling a more extensive embrace of electric mobility," he said. The initiative holds the potential to generate direct employment opportunities and help upskilling existing resources, he said, adding that the scheme will also introduce economies of scale for the procurement of electric buses. It will also play an instrumental role in propelling India towards self-reliance, environmental stewardship, and its envisioned status as a hub for E

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Cabinet approves 'PM-eBus Sewa', to deploy 10,000 e-buses in 169 cities

Out of the ₹57,613 crores outlined for the scheme, support of Rs.20,000 crore will be provided by the Central government, the Cabinet statement reads

Incentives for private bus operators to take EV route in the works

China continues to lead the e-bus market, accounting for over 80 percent of global e-bus sales in 2022

Centre to scrap tender for 4,675 e-buses amidst lacklustre OEM response

The tender, issued on January 4, 2023, failed to attract bids from automakers such as Tata Motors, Ashok Leyland, and PMI Electro Mobility, leading to speculation about its cancellation

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

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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