Govt has a $10-bn plan to decarbonise public transport and curb emissions

Convergence Energy Services Ltd is planning a $10-bn tender for 50,000 electric buses that will help India meet its goals for net zero emissions

State-controlled Convergence Energy Services Ltd. is planning a $10-billion (Rs 80,000 crore) tender for 50,000 electric buses that will drive India’s plans to decarbonise 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.  

“This country is moving very very rapidly on its electric vehicles ambition,” Acharya told Bloomberg Television in an interview. “So financing remains a challenge in as much as it presents an opportunity.” 

CESL was formed in 2020 to manage