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PMI Electro eyes big wins from electric bus tenders
Financial Express Pune
|September 01, 2025
PMI ELECTRO MOBILITY is aiming to win orders for about 30% of the 10,900 electric buses to be tendered in Phase I of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme, chief executive officer Aanchal Jain said.
The scheme has an outlay of ₹10,900 crore.
The country's largest electric bus manufacturer is banking on localisation and vertical integration—from battery packs and motors to wiring harnesses and control units—to be able to price the buses competitively.
"Our investments in localisation are now paying off, enabling us to bid competitively, reduce costs, and drive revenue growth," Jain said.
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FLERE HISTORIER FRA Financial Express Pune
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