Ashok Leyland’s Switch Mobility, JBM Auto and PMI Electro Mobility are the winners in a $362.40 million tender run by Convergence Energy Services Limited (CESL).
Switch Mobility emerged as the lowest bidder to supply 2,600 electric buses in three states, JBM Auto for 1,781 e-buses in three states, and PMI Electro quoted the lowest figure to supply 2,080 electric buses in two states. The tender was part of India’s plans to deploy 50,000 e-buses in tranches over the next four-to-five years at an estimated cost of $12 billion. CESL issued the tender on September 21, 2022, as it sought to supply 6,465 e-buses for six states. The prices discovered in the latest tenders are 25-30 per cent higher for different categories than the last bids opened in April 2022.