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April 21,2023

In the Rs 5,000 crore e-Bus tender, no automakers participate.

Electric buses are 3-4 times more expensive than diesel buses. Due to the lack of widespread charging infrastructure, banks cannot freely take and redeploy electric vehicles in the event of theft or other recoveries. Bidding and stakeholders have been limited because bus manufacturers lack funding. The availability of capital will continue to be a problem without a payment security system in place.

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