Tata Motors wins order for 921 electric buses from BMTC

The auto major will be responsible to supply, operate and maintain 921 low-floor, 12-metre electric buses.

Tata Motors, India's largest commercial vehicle manufacturer, today (18 August) announced that it has won an order of 921 electric buses from Bengaluru Metropolitan Transport Corporation (BMTC).

Under the larger tender by Convergence Energy Services Limited (CESL), Tata Motors will supply, operate and maintain 12-metre electric buses for a period 12 years, as per the contract.

Tata Starbus is an indigenously developed vehicle with superior design and best-in-class features designed for sustainable and comfortable travel.

Tata Motors has already received orders for 1,500 electric buses from Delhi Transport Corporation (DTC) and 1,180 electric buses from West Bengal Transport Corporation (WBTC), respectively in the last 30 days.

Till date, Tata Motors has supplied more than 715 electric buses across multiple cities in India, which have cumulatively clocked more than 40 million kilometres.

Tata Motors is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks and buses, offering extensive range of integrated, smart and e-mobility solutions. With operations in India, the UK, South Korea, Thailand, South Africa and Indonesia, Tata Motors' vehicles are marketed in Africa, Middle East, South & South East Asia, Australia, South America, Russia and other CIS countries.

The auto major reported a consolidated net loss of Rs 5,006.60 crore in Q1 FY23 as against a net loss of Rs 4,450.92 crore in Q1 FY22. Revenue from operations increased 8.3% YoY to Rs 71,935 crore in Q1 June 2022.

The scrip was down 0.38% at Rs 483.55 on the BSE.

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