PMI Electro and BYD-Olectra bag most e-bus orders

NEW DELHI: PMI Electro and BYD-Olectra have won large contracts floated by state transport agencies for supply of electric buses under a government scheme to promote green mobility, followed by Tata Motors, JBM Auto and Mytrah, people aware of the development said.

Haryana-based PMI Electro Mobility Solutions, which has a technical tieup with Chinese commercial vehicle maker Beiqi Foton Motors, has bagged contracts for about 750 electric buses in the tenders that have been finalised so far, the persons cited earlier told ET, requesting not to be named.

Phase two of the Rs 10,000-crore government scheme — Faster Adoption And Manufacturing of (Hybrid &) Electric Vehicles in India (Fame India) — proposes demand incentive of up to Rs 55 lakh for long electric buses, Rs 45 lakh for midi buses and Rs 35 lakh for mini buses.

Olectra-BYD, on the other hand, has won contracts for about 600 electric buses from city transport corporations, including those of Surat, Bhopal and Indore.

Tata Motors said it continues to play a proactive and constructive role in the e-mobility space with a long-term perspective of the cause. “In Fame Phase II as well, the company has participated in all tenders so far, and has won orders for 220 buses in two of them, in addition to the private tender of AJL for 300 buses,” the company said in its reply to ET’s query.


Email queries to BYD-Olectra and JBM Auto remained unanswered till as of press time.

Gurgaon-based JBM Auto has won contract for supply of 100 electric buses in Navi Mumbai, and sources said the company is lowest bidder in tenders for 480 electric buses in Ahmedabad, Navi Mumbai and Delhi.

On Wednesday, ET had reported that the Centre is likely to invite proposals from state transport departments for reallocation of central subsidy for 2,000 electric buses under its Fame II scheme, but will not allow participation of cities that defaulted in the first round.