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| Adani's Bold Move into Electric Mass Mobility: A Game-Changer for Intra-City Transportation |
Intra-City Mobility: In a strategic leap towards sustainable mobility, Adani Enterprises has entered the electric mass mobility sector by submitting bids for 3,600 electric buses in the latest tender by Convergence Energy Services Limited (CESL). Teaming up with consortium partner EKA Mobility, Adani aims to play a pivotal role in the Pradhan Mantri e-bus Sewa initiative, covering procurement, supply, operations, maintenance, and infrastructure development.
The Bid Landscape
Alongside competitors like JBM Ecolife, Greencell Mobility, and PMI Electro Mobility, Adani's consortium positions itself as a front-runner for providing electric buses tailored for intra-city operations. The move aligns with the government's push for an all-electric public transport system, with incentives for state governments to establish necessary infrastructure, including transmission lines and depot facilities.
Government Initiatives and Incentives
The government's commitment to an all-electric public transport system is evident in its incentives for electric buses, potentially offering Rs 24-27 per km. The Pradhan Mantri e-bus Sewa Scheme aims to deploy 10,000 electric buses across 169 cities through a public-private partnership model. With Rs 20,000 crore earmarked for financial support, discussions are ongoing to replace an additional 800,000 diesel buses with electric ones by the decade's end.
The Financial Landscape
The EV ecosystem's growth potential is immense, with estimates suggesting an investment of Rs 1.2-1.5 lakh crore to introduce 100,000 electric buses on Indian roads. Adani's entry into the electric bus market signals a shift towards large conglomerates actively participating in the infrastructure development required for widespread EV adoption.
EKA Mobility's Strategic Alliances
EKA Mobility's partnership with Japan's Mitsui & Co. and Netherlands-based VDL Groep, involving a $100 million investment, reinforces the commitment to electric mobility. This investment supports the manufacturing of electric buses and light commercial vehicles in India, amplifying the impact of Adani and EKA Mobility's joint bid.
Government's Vision and Fiscal Support
Finance Minister Sitharaman's budget speech emphasized the government's dedication to reducing vehicular emissions and achieving net-zero targets. The push for e-buses in public transport networks, coupled with a payment security mechanism, underscores the commitment to sustainable and eco-friendly transportation solutions.
Adani's bid signifies a significant step towards realizing a greener, electric future for intra-city mobility, bringing together expertise, scale, and strategic alliances to drive positive change in India's transportation landscape.
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