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Electric Buses: Centre working on payment security mechanism to buy 150,000 e-buses, ET Auto

Electric Buses: The Centre is developing a payment security mechanism (PSM) to facilitate the procurement of 150,000 e-buses. The PSM aims to address issues such as fare collection inefficiencies and improper upkeep of buses, ensuring e-bus suppliers are paid for their vehicles.

Centre working on payment security mechanism to buy 150,000 e-buses

The Centre is developing a payment security mechanism (PSM) to facilitate the procurement of 150,000 e-buses. The PSM aims to address issues such as fare collection inefficiencies and improper upkeep of buses, ensuring e-bus suppliers are paid for their vehicles.

Leyland wasn t aggressive in bidding for e-bus tenders: Dheeraj Hinduja

The comment of the chairman of India s second-largest bus maker comes even as the government has to some extent addressed the industry s concerns about payment security.

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