Bidders for e-bus contract of ₹7,500-cr to be selected soon
Financial Express Mumbai|February 26, 2024
THE MINISTRY OF housing and urban affairs is close to finalising the bidders for the supply of 3,600 electric buses under the PM e-bus Sewa Scheme.
MANU KAUSHIK
Bidders for e-bus contract of ₹7,500-cr to be selected soon

"We are doing the final evaluation, and the decision will be taken in a day or two. The idea is to give the contract before the model code of conduct kicks in," a source at the ministry said.

Though the tender value is not known, it could be in the range of ₹7,000 crore-7,500 crore, given the average price of a low-entry electric bus is around 2 crore.

The big players in the e-bus space include Tata Motors, Ashok Leyland, Olectra Greentech and JBM Group.

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