Tata Motors arm, Delhi Transport Corporation sign pact for operation of 1,500 e-buses in national capital
Under the pact, TML CV Mobility Solutions Ltd will supply, operate and maintain 1,500 units of 12-metre low-floor air-conditioned electric buses for a period of 12 years, the company said in a statement.
Tata Motors on Friday said its arm -- TML CV Mobility Solutions Ltd -- has signed an agreement with Delhi Transport Corporation for the operation of 1,500 electric buses in the National Capital.
Under the pact, TML CV Mobility Solutions Ltd will supply, operate and maintain 1,500 units of 12-metre low-floor air-conditioned electric buses for a period of 12 years, the company said in a statement.
"Our relationship with DTC, which stands strong for over a decade, is based on the foundation of mutual trust and cooperation, and this order will further strengthen it. We are confident that the electric buses will provide sustainable, safe and comfortable public transportation to the commuters of Delhi," TML CV Mobility Solutions Ltd Chairman Asim Kumar Mukhopadhyay said.
The company said this is the largest order to date for electric buses by Delhi Transport Corporation (DTC).
Also Read: Delhi Metro completes 20 years of operations, launches special exhibition
"We are pleased to have signed an agreement for the largest order of 1,500 electric buses in Delhi. This is a significant step towards embracing electric mobility in the capital city," DTC Managing Director Shilpa Shinde said.
The induction of zero-emission, noise-free buses will greatly help in improving the city's air quality. The new buses will also immensely benefit the commuters with its ultra-modern features and comfortable seating, Shinde added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:40 AM IST