PMI Electro secures 5210 orders in e-bus tender
pre-market1 source ↓written by the desknot a recommendation
- from India's largest
- 5210 orders
- of the total
- 50%
- total allocation
- 10,900 vehicles
PMI Electro has successfully secured 5210 orders from India's largest e-bus tender under the PM E-DRIVE scheme, representing nearly 50% of the total allocation of 10,900 vehicles. This positions PMI Electro as a leader in the electric bus market, significantly outpacing competitors like EKA Mobility and Olectra.
The tender results indicate a notable market shift as cities gear up for major electric bus deployments next year, potentially impacting the overall EV landscape in India. 📈
Not investment advice. For informational purposes only.