Sunday, October 19, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects

Tenders: MHI opens Price Bids for 5,450 electric buses

Fiinews by Fiinews
April 28, 2022
in Projects, Tenders
Reading Time: 2 mins read
A A
0
Tata Motors

Tata-urban-9-12m-ac-electric-bus.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

Public-Private model has emerged as a way for cities to introduce or scale electric bus services

Price Bids of the Grand Challenge tender process for 5,450 electric buses were opened by Ministry of Heavy Industries (MHI) on 26 April 2022 for deployment of the e-vehicles in Kolkata, Delhi, Bangalore, Hyderabad and Surat.

The tender has been managed by Convergence Energy Services Limited, as per remodeled FAME II Scheme for which the Gazette Notification was issued by MHI on 11 June 2021.

The tender establishes a benchmark for public transit going forward in terms of a business model. It allows state agencies to purchase mobility as a service, where operators are paid a fixed price denominated as rupees per kilometer over a period of time.

The public-private model has emerged as a way for cities to introduce or scale electric bus services. With a burgeoning demand for mobility, this model holds the potential to serve as a solution to cover the investment needs of the bus sector and ramp up bus services.

The rates seen in this tender are the lowest ever, with Tata Motors coming across as the least cost bidder across all five categories of electric buses contained in the tender.

Discovered prices are between 15% and 48% lower than the lowest price discovered by the cities. At these rates, electric buses become extremely affordable across the country.

The MHI has been actively engaged in supporting the deployment of electric mobility in India.

In June 2021, the FAME II scheme was remodelled and its delivery mechanism changed to better suit the needs of state transport undertakings, especially in their financial ability to afford electric buses.

MHI is also actively engaged in other aspects of electric mobility. The PLI Scheme for Automobile and Auto Component Industry, the National Program on Advanced Chemistry Cell Battery Storage, and the FAME Scheme for the proliferation of charging infrastructure. The total capital outlay of these schemes is about Rs.54,000 crores. fiinews.com

Tags: Ministry of Heavy Industries
ShareTweetShare

Related Posts

PIB
Projects

Project: Haldia MMT handed to IRC for operations

by Fiinews
October 19, 2025
0
14

IWAI-World Bank funded terminal to get rail link The Inland Waterways Authority of India (IWAI) has handed over the Haldia...

PIB
Tenders

Tender: Accelerated approvals given to airports

by Fiinews
October 19, 2025
0
13

North East summit drew Rs.4.49 lcr investments Accelerated approvals have been granted to Shillong Airport Expansion, alternative alignment to NH-10...

PIB

Tender: PM launches Rs3000cr transmission project

October 18, 2025
18
Minister vaishnaw

Tender: India develops dedicated rail corridors

October 17, 2025
12
GWF

Project: PM GatiShakti – Offshore for Blue Economy

October 15, 2025
12
Airport Authority of India.

Tender: Rs.10,300cr projects planned in Puducherry

October 15, 2025
19
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: Hindustan Zinc lowers production cost
  • Project: Haldia MMT handed to IRC for operations
  • Tender: Accelerated approvals given to airports
  • Export: India negotiate FTAs on own terms
  • Manufacturing: LCA and HTT-40 Lines inaugurated

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.