Eka’s Mehta, Auto News, ET Auto

Eka’s Mehta, Auto News, ET Auto

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E-bus rollout in Sept; EV finance needs attention: Eka’s Mehta

Pune: The chairman of the city-based auto parts maker Pinnacle Industries, in addition to its fully-owned electrical mobility agency Eka, Sudhir Mehta, mentioned in an interplay with TOI that the corporate is readying to roll out its “indigenous” E9 bus in September with a personal fleet operator, whereas it is usually readying to bid for presidency transport utility tenders.

Mehta additionally added that the corporate is readying a brand new plant for the manufacture of those buses at Pitampur in Madhya Pradesh, to be operational in round 9 months and with a producing capability of 300 buses monthly, and can be speaking to the state authorities in Maharashtra for a further bus manufacturing plant, to be constructed “ideally close to Pune”, because of the auto manufacturing ecosystem within the area. The corporate, which has been chosen by the Centre for the auto sector production-linked incentive (PLI) scheme, is scheduled to take a position round Rs 2,000 crore over 5 years.

“We’ve accomplished the homologation course of with the ARAI. Our first buses might be rolled out with a personal fleet operator between September and December. Nevertheless, round 95% of the electrical buses proper now are being procured by authorities businesses. Since we at the moment are eligible to take part in tenders, we’re concentrating on the CESL tender for 50,000 buses that’s being floated,” Mehta mentioned.

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