Technology & Media

Government Scrutinizing The Real Value Of Electric Buses

After winning a major bid by a Chinese company and its Indian partner’s for supplying e-buses, the government is trying to find out the actual cost of such e-buses. A government official has given this information. He also said that the contracts of e-buses will not be canceled. After winning the bid of e-buses in association with the Indian partner by the Chinese company, BYD, Indian auto companies had said that the operation of the BYD is very large and it gets cheaper loans and subsidies from the Chinese government.

BYD had won this bid in collaboration with India’s Goldstone Infratech. It was reported on March 22 that Goldstone-BYD and Tata Motors got 9 out of 10 contracts. In this contest, these two companies had left leading names such as Mahindra & Mahindra, JBM Solaris, and Eicher Motors. The price quoted by Tata Motors and Goldstone-BYD for the bid is about 30% less than the estimated market price. Of this, Ashok Leyland also got a contract. It will supply 40 e-buses for Ahmadabad.

Recently, out of the 10 contracts given for e-buses, 5 are outright purchase models and other are supply-operated-maintain based models.

Goldstone-BYD had bid for Rs 29.28 per kilometer for the nine meter AC buses for Bangalore. At the same time, for the same bus for Hyderabad, it had bid for Rs 36 per kilometer. Tata Motors got a similar contract for Jaipur at a rate of Rs 70 per kilometer. According to the official, the central government is exploring the cost of buses in such cases so that subsidies can be estimated. Heavy Industries Department approved a total of Rs 440 Crore for the purchase of e-buses, e-taxi, and e-auto to 11 states in December 2017. The money was given to them under the pilot project of the Faster Adaptation and Manufacturing of Hybrid and Electric Vehicle Scheme. In this scheme, the government gives a subsidy of up to 60% on the procurement of a maximum of Rs.1 Crore.

Vipin Shettigar

With more than 5 Years of experience in the field of energy and resources, Vipin also is a source of Industry news from technology and media domains. With his jolly nature and humor, Vipin always cheers up the team when in stress and load. Surely, he has turned out to be an essential factor of the team. He likes hanging out with his friends in his spare time.

Related Articles