ICRA points out that the government has sought to boost e-bus adoption through bid aggregation under tenders floated by Convergence Energy Services Limited (CESL). Despite successful OEM participation in the initial tenders, CESL's third tender faced limited participation due to concerns about the absence of a payment security mechanism and a proposed dry lease model. Addressing these concerns is deemed crucial for sustaining the increased pace of e-bus adoption.E-bus sales in India will go up to 11-13% by FY25: ICRA report
November 28, 2023
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ICRA points out that the government has sought to boost e-bus adoption through bid aggregation under tenders floated by Convergence Energy Services Limited (CESL). Despite successful OEM participation in the initial tenders, CESL's third tender faced limited participation due to concerns about the absence of a payment security mechanism and a proposed dry lease model. Addressing these concerns is deemed crucial for sustaining the increased pace of e-bus adoption.
