Electric Vehicles

India Plans $10 Billion Electric Bus Contract to Curb Emissions

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Convergence Energy Services (CESL) MD and CEO Mahua Acharya discusses the future of public transport in India. The state-run energy transition company was recently contracted to procure 50,000 electric buses across India worth over $10 billion dollars. Acharya speaks to Juliette Saly and Yvonne Man on “Bloomberg Markets Asia”.Source: Bloomberg

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By Archana Chaudhary

July 20, 2022 at 5:32 AM UTC

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State-controlled Convergence Energy Services Ltd. is planning a $10-billion tender for 50,000 electric buses that will drive India’s plans to decarbonize public transport and help meet its goals for net zero emissions.

CESL Managing Director Mahua Acharya said such tenders are beginning to look like infrastructure projects and local production of electric buses is expected to grow in tandem with demand.