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The supply crunch stalling growth of private intercity electric bus operators
- India aims to deploy 50,000 electric buses and electrify 40% of the country's buses by 2030 to modernize transportation and reduce pollution.
- Regulatory initiatives like the PM e-Bus Sewa Scheme have led to a surge in e-bus orders, primarily from the government.
- Private bus operators are facing challenges in accessing electric buses due to the manufacturers' focus on government orders.
- Notable private electric bus operators in India include NeuGo, FreshBus, and LeafyBus, with plans to expand their fleets.
- Delays in delivering electric buses to private players are due to manufacturers dealing with a backlog of government orders.
- While operational costs for electric buses are lower, challenges persist in meeting the demand for electric buses in the private sector.
- OEMs like JBM Auto and EKA Mobility are working to increase production capacity to meet the growing demand for electric buses.
- Marketplaces like RedBus and AbhiBus are witnessing a rise in the adoption and listing of electric buses, indicating a shift in the market.
- Private intercity operators' share in the bus market is expected to increase as financing options improve and the ecosystem matures.
- Efforts are being made by OEMs to address the challenges of supply shortages and meet the increasing demand for electric buses in India.
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