The ministry of housing and urban affairs (MoHUA) is close to finalising the bidders for supply of 3,600 electric buses under the PM e-bus Sewa Scheme. “We are doing the final evaluation, and the decision will be taken in a day or two. The idea is to give the contract before the model code of conduct kicks in,” said a source at MoHUA.
Though the tender value is not known, it could be in the Rs 7,000-7,500 crore range, given the average price of a low-entry electric bus is around Rs 2 crore. The big players in the e-bus space includes Tata Motors, Ashok Leyland, Olectra Greentech, and JBM Group.
