Latest News

FAME India: 50 Electric Buses launched in Delhi

With the support under the FAME India Scheme (Phase II) of the Ministry of Heavy Industries, 50 Electric Buses have been launched in Delhi on Monday

PSU Watch Bureau

New Delhi: 50 Electric Buses have been launched in Delhi with support under the FAME India Scheme (Phase II) of the Ministry of Heavy Industries. Union Minister of Heavy Industries Dr Mahendra Nath Pandey said that under the FAME II Scheme of the Ministry, cities/STUs/State Governments placed supply orders for 3,538 electric buses. Out of those 3,538 electric buses, a total of 1,716 electric buses have been deployed as on January 2.

He further stated that for the Union Territory of Delhi 400 Electric Buses; 300 Electric Buses to Delhi Transport Corporation (DTC) for intra-city operations and 100 Electric Buses to Delhi Metro Rail Corporation (DMRC) for last-mile connectivity were sanctioned in the month of August 2019.

The supply orders were to be placed by January 15 2020. DMRC issued a supply order in December 2019 to the successful Bidders whereas Delhi Transport Corporation (DTC) could only issue supply order in March 2021. To facilitate DTC, MHI extended the last date of supply order by DTC March 31, 2021, as a special case for providing pollution free world class transit system to Delhi.

A total of 250 buses have already been deployed by DTC and now the remaining 50 buses have been launched, fulfilling commitment of MHI to provide 300 electric buses to DTC. The Central Government will be giving incentive of Rs 165 crore to DTC for these 300 Electric Buses.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Avaada Group to invest Rs 5,800 crore in Rajasthan to develop RE projects

NTPC Green Energy IPO fully subscribed

Sensex, Nifty bounce back in early trade after sharp fall in previous session

These are the Central, state PSUs named in US court indictment in Adani bribery case

Gautam Adani bribery case: Allegations, rebuttals, stock market wipeout & all you want to know