REC to Finance 50,000 E-Buses

07 May 2024 CW Team

The financing offered by REC will enable state governments, municipal corporations, and other entities to procure electric buses as part of their efforts to modernise public transportation fleets and promote cleaner and greener mobility options. By offering attractive financing options, REC aims to accelerate the transition towards electric buses, which are environmentally friendly and contribute to air quality improvement in urban areas.

Electric buses have emerged as a viable alternative to traditional diesel-powered buses, offering lower operating costs, reduced carbon emissions, and enhanced passenger comfort. With advancements in battery technology and charging infrastructure, electric buses have become increasingly feasible for widespread deployment, presenting an opportunity to transform India's public transportation landscape.

REC's commitment to financing 50,000 electric buses aligns with the government's ambitious targets to electrify a significant portion of the country's public transportation fleet and reduce dependence on fossil fuels. By leveraging its expertise in infrastructure financing and collaborating with key stakeholders, REC aims to catalyse investments in electric mobility and contribute to India's sustainable development goals.

The financing provided by REC will not only support the procurement of electric buses but also facilitate investments in associated infrastructure, including charging stations and depot upgrades. This comprehensive approach is essential for ensuring the seamless integration of electric buses into existing public transportation networks and maximising their environmental and economic benefits.

Moreover, the deployment of electric buses is expected to generate employment opportunities, stimulate economic growth, and enhance the overall quality of life in urban areas. By investing in sustainable transport solutions, REC demonstrates its commitment to promoting inclusive and environmentally sustainable development across India.

In conclusion, REC's initiative to offer financing for 50,000 electric buses represents a significant step towards accelerating the adoption of clean and sustainable transportation solutions in India. By providing accessible financing options, REC aims to support the widespread deployment of electric buses and contribute to the country's efforts to combat climate change and improve air quality in urban areas.

REC, a leading infrastructure finance company in India, has announced plans to provide financing for the acquisition of 50,000 electric buses over the next 2-3 years. This initiative reflects REC's commitment to supporting the adoption of sustainable transportation solutions and reducing carbon emissions in the country's urban mobility sector. The financing offered by REC will enable state governments, municipal corporations, and other entities to procure electric buses as part of their efforts to modernise public transportation fleets and promote cleaner and greener mobility options. By offering attractive financing options, REC aims to accelerate the transition towards electric buses, which are environmentally friendly and contribute to air quality improvement in urban areas. Electric buses have emerged as a viable alternative to traditional diesel-powered buses, offering lower operating costs, reduced carbon emissions, and enhanced passenger comfort. With advancements in battery technology and charging infrastructure, electric buses have become increasingly feasible for widespread deployment, presenting an opportunity to transform India's public transportation landscape. REC's commitment to financing 50,000 electric buses aligns with the government's ambitious targets to electrify a significant portion of the country's public transportation fleet and reduce dependence on fossil fuels. By leveraging its expertise in infrastructure financing and collaborating with key stakeholders, REC aims to catalyse investments in electric mobility and contribute to India's sustainable development goals. The financing provided by REC will not only support the procurement of electric buses but also facilitate investments in associated infrastructure, including charging stations and depot upgrades. This comprehensive approach is essential for ensuring the seamless integration of electric buses into existing public transportation networks and maximising their environmental and economic benefits. Moreover, the deployment of electric buses is expected to generate employment opportunities, stimulate economic growth, and enhance the overall quality of life in urban areas. By investing in sustainable transport solutions, REC demonstrates its commitment to promoting inclusive and environmentally sustainable development across India. In conclusion, REC's initiative to offer financing for 50,000 electric buses represents a significant step towards accelerating the adoption of clean and sustainable transportation solutions in India. By providing accessible financing options, REC aims to support the widespread deployment of electric buses and contribute to the country's efforts to combat climate change and improve air quality in urban areas.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..