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The Economic Times
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| 01 October, 2020, 01:30 PM IST | E-Paper
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    SEARCHED FOR:ELECTRIC BUSES

    Govt sanctions 670 electric buses, 241 charging stations under FAME scheme

    Union Heavy Industries minister Prakash Javadekar said the decision reflects the Centre's commitment to reduce dependence on fossil fuel and address the issues of vehicular emissions, and is in line with Prime Minister Narendra Modi's vision for eco-friendly public transportation.

    Penetration of electric vehicles to remain low in medium-term in PVs, CVs: ICRA

    The ratings agency further said the modality of vehicle finan...

    Nitin Gadkari inaugurates first inter-city electric bus service

    The 43-seater capacity luxury electric bus, manufactured by Mitra Mobility So...

    • The West Bengal Transport Corporation (WBTC) is set to generate power through solar panels on depot roofs to recharge its electric vehicles. The Energy and Resource Institute (TERI) has conducted a study and found significant savings in annual electricity bills.

      The company's subsidiary Optare Plc is partnering with Tower Transit Group in the launch of two new electric routes in London with the supply of 37 Metrodecker double-deck EVs.

      A campaign that promotes solar energy for electric charging stations of BEST buses, #SolarwalaBEST, gained momentum on Monday with students creating awareness in south Mumbai and a petition being signed by nearly 1,400 people on social media.

      Edison Motors India, a leading South Korean Company and manufacturer of Electric Buses and Trucks offered to establish its manufacturing plant over 30 acre with an investment of over Rs 500 crore. This will also generate employment opportunities for about 500 to 800 youth.

      The Chinese automaker already sells electric buses in India in partnership with Hyderabad-based Olectra Greentech. In September this year, it was reported that the company was looking for local partners in the country for its electric cargo vans to branch out beyond buses.

      The government is expected to issue an expression of interest next month under the ongoing second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (Fame India), but it is likely to be open to only state utilities that have awarded tenders or are close to award tenders as per the scheme.

      Sales of sedans, SUVs and minivans rose to 1.7 million, according to the China Association of Automobile Manufacturers. Total vehicle sales, including trucks and buses, rose 11.6% to 2.2 million.

      In some states, the transport utilities have allegedly paid salaries to their staffers out of the subsidy given by the Centre for electric buses. The Delhi transport utility has asked for a bank guarantee of Rs 20 lakh for each electric bus for 10 years as against Rs 2-3 lakh claimed by other states.

      The report by Avendus Capital, which is an investment banking arm of financial services provider Avendus Group, also said the total cost of ownership (TCO) in case of low- and medium-speed electric two-wheelers is already lower than internal combustion engine vehicles.

      The district administration has deployed 1,500 buses to take the migrant workers who had returned from Delhi and Bihar due to the coronavirus lockdown to their native districts where they will be checked for COVID-19 symptoms.

      The Chennai-based commercial vehicle major is all set to introduce a new range of light commercial vehicles (LCVs) later this month and is also looking at electric mobility and products for the defence sector to drive its future growth. With a new range of LCVs and expertise in electric buses coming in handy, the company is now ready with ambitious plans for a major play in the international markets.

      "They will run on bio-CNG, ethanol, methanol," Gadkari said, reiterating his firm stance on adoption of alternative sources of energy

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