Centre to Procure 14,028 Electric Buses in Phases Under PM E-DRIVE

29 Apr 2025 CW Team

The Centre plans to procure fourteen thousand twenty-eight electric buses (e-buses) in multiple tranches instead of a single large order, as some states have yet to submit their detailed requirements.

The procurement is part of the Ministry of Heavy Industries' plan to allocate around 40 per cent of the Rs 109 billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme for boosting electric public transport.

A total demand for fifteen thousand four hundred e-buses has been received from seven states, including Gujarat, Telangana, Karnataka and Delhi, with Delhi alone requesting around two thousand five hundred units. The phased approach aims to ensure flexibility and better coordination among participating states.

The ministry had set aside Rs 43.91 billion to subsidise the purchase of fourteen thousand twenty-eight electric buses, promoting affordable and eco-friendly public transportation systems. By staggering procurement, the government hopes to maintain efficiency while accommodating evolving state-level demands.

The initiative is expected to significantly advance India’s transition towards sustainable urban mobility and reduce reliance on fossil fuels, aligning with the country's broader climate action commitments.

Source: Business Standard

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..