In India, the e-bus sector is still in its early stage, representing just 4 per cent of total annual bus registrations in FY24
The automotive facility is expected to have a capacity to make 10,000 e-buses and 5,000 e-trucks per annum
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
JBM Auto share rose after arm secured an order of 1,021 electric buses worth Rs 5,500 crore
JBM Auto Ltd's subsidiary JBM Ecolife Mobility on Wednesday announced securing an order worth Rs 5,500 crore for supply of 1,021 electric buses under the PM e-Bus Sewa Scheme-2. These buses, which are to be delivered over a period of 18 months, will be deployed across 19 cities in Gujarat, Maharashtra and Haryana, JBM Ecolife Mobility said. The deployment period will, however, be for 12 years, it said. "The total order valued at approximately Rs 5,500 crore reinforces its leadership in the electric mobility space and aligns with India's vision for a cleaner and more sustainable public transport ecosystem," it said. The company has already deployed around 2,000 such e-buses in India, Europe, the Middle East, and Africa. The company's order book now stands at over 11,000 electric buses in various stages of execution. "This order strengthens our commitment to providing world-class, sustainable, and technologically advanced public mobility solutions. With a strong focus on innovation
Olectra Greentech share: Olectra Greentech's revenue from operations in Q3FY25 came at Rs 515.37 crore, registering a 50.6 per cent surge YoY
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
India needs investment worth USD 20-30 billion in the EV charging infrastructure to double the pace of growth of the segment, industry body IESA said on Thursday. It is a very niche segment which has just started picking up in the country, India Energy Storage Alliance (IESA) President Debi Prasad Dash said. Sharing his estimates, Dash said the EV charging infrastructure segment is growing at a rate of 25-30 per cent currently in India. To double this growth, investments worth USD 20-30 billion would be required, he said at the 'IESA India EV Fast Charging Summit' in the national capital. On PM E-Drive Scheme, Dash said "We (industry) all are waiting for the scheme to be floated. A few of the things the government is considering before outing the full scheme is they are trying to (figure out) state-wise demand allocation, considering the density of the vehicles in different localities in states and cities." It will give a boost to the EV Charging space and adoption of EVs in the .
It has been pointed out that metro train networks are expensive and not ideal unless commuting distances are long
Plans to expand operations with Rs 650-cr outlay
Of the total, 400 buses will be non-AC and 100 will feature air conditioning, all designed to accommodate 37 seated passengers and 24 standing passengers
The e-bus service will commence soon in Raipur, Bilaspur, Durg-Bhilai, and Korba
This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder
The rise in JBM Auto share price came after its subsidiary JBM Electric Vehicles inked a pact with LeafyBus to supply 200 electric intercity luxury buses.
Arunachal Pradesh's capital, Itanagar, is set to improve its urban transport infrastructure with the introduction of a ropeway system and electric buses. The Mayor of Itanagar Municipal Corporation (IMC), Tamme Phassang, said on Tuesday night that discussions for the installation of the ropeway system are in the final stages. The IMC is engaging with companies based in Hyderabad and Gujarat to finalise the project, he said. The proposed ropeway will offer a scenic and efficient transport route connecting key areas of the city, operating between Lobi in Division 4, the Secretariat, Ganga Market, Chimpu and vice versa. In addition to the ropeway, the IMC is collaborating with Arunachal Pradesh State Transport Services (APSTS) to operate 10 electric buses in the capital city, with the potential for future expansion, he said. It will depend on the success of the trials, he said. "These developments demonstrate IMC's dedication to modernising its transport network and promoting sustai
The Union Budget 2024 is expected to be announced in the third week of July. Finance Minister Nirmala Sitharaman to hold pre-budget meeting on June 20
Macquarie Group has rolled out 'Vertelo,' an EV financing platform in India, offering financing, fleet management, and charging infrastructure solutions
Nearly 1.25-1.45 million buses (mainly diesel) operate on intercity or interstate routes currently, with around 250,000 controlled by state governments
The primary focus will be on the production of electric buses while also having the capability to produce other vehicles powered by existing and other emerging alternative fuel
Delhi Lt Governor V K Saxena, Chief Minister Arvind Kejriwal and Transport Minister Kailash Gahlot on Wednesday flagged off 350 electric buses here. With the new buses, the number of electric buses in the DTC fleet has risen to 1650. Talking to reporters after the flag-off Saxena said, "These buses will contribute in a huge way in combating pollution. I am hopeful that we will be able to stop the pollution with these steps." Kejriwal said with the addition of these 350 buses, Delhi has become the first city in the country to have such a high number of electric buses. "Today, 350 buses have been flagged and now there are 1650 electric buses plying on the roads. Delhi is the first city in the country to have the maximum number of electric buses. This will definitely control pollution. Our effort is to phase out CNG buses," he added.