Adani Group to Electrify Intra-City Transport with Electric Buses
Adani Enterprises, identified as the primary participant in the consortium, has submitted a bid for the supply of electric buses dedicated to intra-city operations, as per sources familiar with the situation. The government is actively encouraging the transition of public transportation systems to all-electric, offering incentives to state governments for establishing essential infrastructure to facilitate the efficient deployment of electric buses within urban areas. This involves the implementation of transmission lines and civil infrastructure at depots, as explained by one of the sources. The government's initiative aims to introduce 10,000 electric buses valued at INR 57,613 crore across 169 cities, utilizing a public-private partnership model under the PM e-bus Sewa Scheme, which received approval earlier in the fiscal year. The central government intends to provide financial assistance amounting to INR 20,000 crore for this endeavor.
Industry estimates suggest that an investment ranging from INR 1.2 to 1.5 lakh crore will be necessary to deploy 100,000 electric buses on India's roadways. The government is presently collaborating with various stakeholders to formulate the framework required to achieve this ambitious objective. A second source emphasized that consortiums participating in the bidding process must handle a comprehensive spectrum of responsibilities, including operations, funding, and associated infrastructure. This approach represents a significant expansion compared to previous tenders, transforming it into an infrastructure development game. Notably, major corporations like Adani are entering the scene to contribute substantial size and scale to the electric vehicle (EV) ecosystem.