Added on : 2018-05-21 16:51:26
In March, a Tata Motors joint venture bagged electric bus supply contracts for nine out of 10 cities. What turned the heads was a Chinese company that was part of the JV. China’s biggest e-vehicles seller BYD is backed by Warren Buffett. By bidding nearly 30% lower than the market price, the JV left other bidders Mahindra & Mahindra, Eicher Motors and JBM Solaris empty handed. The stormy entry of China’s giant e-vehicles company in India worried Indian auto majors. Two months later, there is talk of another biggie jumping on to the electric bus bandwagon. A report citing sources said that Gautam Adani-led Adani Enterprises was set to make a big-ticket entry into electric buses manufacturing. The group, which plans to set up a manufacturing base in its special economic zone at Mundra in Gujarat, is in talks with a Taiwanese electric bus maker for technological tie-up.