About Rs 212.31 crore has been released for the procurement of electric buses as of January 31 this year under the second phase of FAME-India Scheme
The 25-seater state-of the art Ultra Urban 9/9 e-AC buses were flagged off by Maharashtra Chief Minister Uddhav Thackeray at an event in South Mumbai.
Smart e-mobility is still at a nascent stage in India.
Singh said Rs 250 crore will be incurred in the operation of these buses of which Rs 120 crore will be realised through sale of tickets.
New Delhi is expected to come out with a tender for 1,000 e-buses this month