logo
GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP

GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP

Eversource Capital-backed electric mobility firm GreenCell Mobility on Wednesday said it has received the Letter of Award (LOA) for the supply and deployment of 472 e-buses in Madhya Pradesh under the PM e-Bus Sewa Scheme.
The company said it has partnered with VE Commercial Vehicles (VECV) to deploy electric buses across six cities in Madhya Pradesh.
Additionally, the company said it has also joined hands with EKA Mobility for the supply and deployment of 750 e-buses across 11 cities in Andhra Pradesh.
PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport.
In FY 2024-25, CESL (Convergence Energy Services Ltd) introduced a tender for 4,588 electric buses under the PM e-Bus Sewa scheme, according to GreenCell Mobility.
The company already has some 900 e-buses operational in UP, Gujarat and Maharashtra.
These new contracts will see GreenCell Mobility expand its electric bus operations across Madhya Pradesh and Andhra Pradesh, the company said.
"These two projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities," said Devndra Chawla, MD & CEO, GreenCell Mobility.
In addition, the company said it is also actively developing and deploying the necessary charging infrastructure to support these deployments.
"We are taking the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM e-Bus Seva Scheme," said Vinod Aggarwal, MD and CEO at VE Commercial Vehicles.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Andhra: SLSC to oversee 750 e-bus proposal
Andhra: SLSC to oversee 750 e-bus proposal

New Indian Express

time14 hours ago

  • New Indian Express

Andhra: SLSC to oversee 750 e-bus proposal

VIJAYAWADA: The State government on Thursday constituted a State Level Steering Committee (SLSC) to oversee the submission of proposals to the Ministry of Housing and Urban Affairs (MoHUA) for procuring 750 electric buses under the PM e-Bus Sewa scheme. These e-buses, sanctioned by MoHUA, will be deployed across 11 cities in the State. As per the scheme's guidelines, each participating state must form an State Level Steering Committee headed by the Chief Secretary to review and forward proposals to the Centre for approval. Following a detailed study of the scheme and practices followed by other states like Punjab and Meghalaya, Andhra Pradesh formed the committee. The State Level Steering Committee will be chaired by the Chief Secretary, with members including the Special Chief Secretary (Energy), Principal Secretaries of Transport, Roads and Buildings, Finance, and MAUD, Secretary (Industries and Commerce), and the Commissioner of the Public Transport Department. The State government finalised M/s Pinnacle Mobility Solutions Pvt. Ltd., Pune, along with discovered Gross Cost Contract (GCC) prices, as the selected agency for supplying the buses. As per the Government Order, the proposal for the e-bus procurement will be submitted to the Ministry of Housing and Urban Affairs through the newly formed SLSC.

KPI Green receives an order for a 36.87 MW solar power project order: Check for the execution deadline and other details
KPI Green receives an order for a 36.87 MW solar power project order: Check for the execution deadline and other details

Mint

timea day ago

  • Mint

KPI Green receives an order for a 36.87 MW solar power project order: Check for the execution deadline and other details

Stock Market Today: KPI Green has been awarded a Letter of Award or Intent for the development of a 36.87 MW solar power project. Here are the project execution deadline and other details KPI Green Energy Ltd. announced on the exchanges that it received a large solar power project order. In its intimation to the National Stock Exchange and the BSE, or the Bombay Stock Exchange, KPI Green Energy said that M/s. Sun Drops Energia Private Limited, a subsidiary of KPI Green Energy Limited, has been awarded Letters of Award or Intent for the development of solar power projects with a cumulative capacity of 36.87 MW under our Captive Power Producer (CPP) business segment. Among these, some projects, as per KPI Green Energy, will be developed in accordance with the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy, as outlined in the Gujarat Renewable Energy Policy-2023 and GERC Tariff Order (No. 5 & 6) of 2024. Sun Drops Energia Private Limited, a subsidiary of the company, shall develop the projects as per the terms of the order for various clients under the Captive Power Producer (CPP) business segment of the company, including projects under the Distributed Renewable Energy Bilateral Purchase (DREBP) Policy under the Gujarat Renewable Energy Policy-2023 & GERC Tariff Order 2024. KPI Green tentative timeline or execution deadline for the project While the aggregate order size is 36.87 MW, the projects are tentatively scheduled to be completed in the financial year 2025-26 in various tranches as per the terms of the orders. KPI Green Energy in the month of June had announced signing MoUs with Delta Electronics India Private Limited to power India's green energy transition. Delta Electronics India is a key provider of energy and power management solutions. Battery Energy Storage Systems (BESS), Green Hydrogen and EV Charging Infrastructure, and Solar PV Inverters are the three high-impact domains covered by this partnership. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Electric two-wheelers in India: the affordable choice over petrol bikes
Electric two-wheelers in India: the affordable choice over petrol bikes

Time of India

time2 days ago

  • Time of India

Electric two-wheelers in India: the affordable choice over petrol bikes

If you're still riding a petrol two-wheeler in India, you might be paying more than you need to. A new report by the Council on Energy, Environment and Water (CEEW) finds that electric two-wheelers are already the most affordable ride on the road—costing just ₹1.48 per kilometre, compared to ₹2.46/km for petrol models. That's not a small difference—it's a financial win for millions of Indian riders, from students to gig workers and city commuters. And with India expected to see over 350 million two-wheelers by 2050 (nearly 70% of the automobile market), that cost advantage could have a massive impact on both household budgets and national fuel use. EVs take the lead The CEEW report highlights how electric vehicles, especially two- and three-wheelers, are already cost-competitive across key segments. In the case of two-wheelers, the numbers speak for themselves: Electric two-wheelers: ₹1.48/km Petrol two-wheelers: ₹2.46/km Beyond the fuel savings, EVs come with lower maintenance costs, longer lifespan, and growing support through governtment subsidies and incentives like the PM E-Drive Scheme. "Electric vehicles (EVs) are already cost-competitive across key segments—especially two- and three-wheelers, taxis, and private cars in states with supportive EV policies," said the report. Why this matters: Cleaner, cheaper, smarter With a growing push toward cleaner energy and reduced oil dependency, the affordability of EVs could become a powerful lever for change—especially in cities like Mumbai, Delhi, Pune, Bengaluru, and Ahmedabad, where vehicle density is highest. To make the most of this shift, CEEW recommends a three-pronged approach: expanding EV charging infrastructure , particularly in urban and peri-urban areas; improving financing models—such as EMIs or battery rental options—to make electric vehicles more accessible; and bridging data gaps through platforms like the VAHAN portal to enable smarter, more targeted policy and planning at the district level. "India's transport sector is grappling with a trifecta—energy security, congestion, and emissions. We need walkable, efficient, low-carbon urban transport systems," said Dr Himani Jain, Senior Programme Lead, CEEW. A massive market on the move In addition, the report noted that India's love affair with two-wheelers isn't ending anytime soon. By 2050, the number of two-wheelers on Indian roads is expected to soar to over 350 million, comprising nearly 70% of all vehicles in the country. This projection is based on GDP and population growth trends, and it underscores the central role of two-wheelers in India's transport ecosystem—especially in northern and western states like Uttar Pradesh, Maharashtra, and Gujarat

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store