GreenCell Mobility Ltd (GreenCell), a leading pan-India shared electric mobility player has stated in a press release that it has bagged order from Transport Department, Government of NCT Delhi for 570 electric buses. The tender was floated by Convergence Energy Services Ltd (CESL), a Government of India undertaking, under National E-bus Program (NEBP). This contract…
CESL, which aggregates demand from states for electric buses, issued the tender on Sept. 21 last year as it sought to supply 6,465 e-buses for six states.
Indian banks are reluctant to lend to electric-bus makers for supply to ailing state transport operators over concerns on recovery of dues, said banking, industry, and government sources told Reuters.