Business
JSW lowest bidder for 1,200 buses in 4,054-bus tender
Livemint··2 Oct
JSW Group emerged as the lowest bidder for about 1,200 electric buses in a 4,054-bus PM-eBus Sewa tender, beating Tata Motors and Ashok Leyland, two executives said. PMI won 1,248 buses, Sai Green Project 1,236 and Eka Mobility 270. JSW runs buses under the Ampstar brand from a Chhatrapati Sambhaji Nagar plant with 10,000-bus annual capacity.
Prism
What It Means For You
- Smaller cities in the tender footprint may see JSW-operated electric buses if contracts proceed through state transport units.
- State transport agencies typically pay fleet operators on a per-kilometre basis for 10 to 12 years under these deals.
- Commuters in towns covered by PM-eBus Sewa may gain new electric routes as operators sign state agreements.
What's Happening
- JSW participated with fleet operator JSW Eco Mobility and may manufacture and operate buses for more than 10 years.
- One executive said pricing was aggressive, with about 10 percent gaps between lowest and second-lowest bidders in many cases.
- In April JSW registered 25 buses for use at a steel plant as it entered the electric-bus sector.
Other Tender Winners
- Inventive Software Solutions won 100 buses in the expanded tender.
- India recorded 5,356 e-bus sales in FY26, a 37 percent jump from the previous fiscal, VAHAN data showed.
- Legacy makers Tata Motors and Ashok Leyland did not emerge as major winners in recent large tenders.
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