Latest news with #PME-DriveScheme
Time of India
3 days ago
- Automotive
- Time of India
PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50per cent of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy . At 155,085 units, more than 75per cent of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48per cent of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any concerns. The scheme, started in September 2024, will run till March 2026. The minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd ( BHEL ). Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2per cent of the scheme target at 2,736 units. Commenting on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services." The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time. "Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he said. Under this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers. "Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase." His ministry also administers BHEL , which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting timelines. On steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
Time of India
4 days ago
- Automotive
- Time of India
bhel: PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50% of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy At 155,085 units, more than 75% of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48% of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any scheme, started in September 2024, will run till March minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd BHEL ).Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2% of the scheme target at 2,736 on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services."The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time."Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers."Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase."His ministry also administers BHEL, which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
Time of India
4 days ago
- Automotive
- Time of India
PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy
New Delhi: The PM E-Drive scheme , which seeks to accelerate the adoption of electric vehicles, has so far achieved nearly 50% of its targets for two- and three-wheeler sales, said union steel and heavy industries minister HD Kumaraswamy . At 155,085 units, more than 75% of the target for the sale of large electric three-wheelers has already been achieved as of May 30, the minister said. Under the electric two-wheeler category, 1,198,707 units have been sold, meeting 48% of the scheme target so far, he told ET in an interview Sunday, adding that this scheme is routinely being reviewed to address any concerns. The scheme, started in September 2024, will run till March 2026. The minister also said steps are being taken to improve project execution by state-run Bharat Heavy Electricals Ltd ( BHEL ). Under PM E-Drive, he said, the e-rickshaw or e-cart category has grossly underperformed the other segments, achieving just 2% of the scheme target at 2,736 units. Commenting on the deliverables for electric buses under the scheme, Kumaraswamy said: "So far, 10,900 e-buses have been approved, with deployment expected in Karnataka, Delhi, Telangana and Gujarat. Demand for another 1,000 e-buses has been raised by Pune which is yet to be approved. The tender will be floated this week by Convergence Energy Services." The PM E-Drive Scheme has allocated ₹4,391 crore for deployment of 14,028 e-buses in nine major cities. He said a payment security mechanism shall ensure that e-bus suppliers get the payments on time. "Direct debit mandate with the RBI has been signed by Karnataka, Telangana and Gujarat. Delhi has agreed to the DDM," he said. Under this mechanism, the central bank can debit the accounts of states if there is any shortfall in payments to e-bus suppliers. "Total demand for 14,400 e-buses has come from cities. The current allocation has been considered for 10,900 e-buses in the Phase I," Kumaraswamy said. "Talks are on with remaining states. Their demand will be taken up in the next phase." His ministry also administers BHEL, which today has a healthy orderbook with the surge in thermal power capacity addition. But the company has historically struggled with meeting timelines. On steps expected to improve BHEL's deliverables, he said: "Processes are being refined along with many new initiatives which are vendor friendly, inviting more participation to meet spurt in material and manpower demand."
The Print
16-05-2025
- Automotive
- The Print
Karnataka to receive electric buses under PM E-Drive: Kumaraswamy
Karnataka Transport Minister Ramalinga Reddy submitted the state's request, citing need for enhanced urban public transport systems in key cities. The Ministry of Heavy Industries had received a formal proposal from the Karnataka government seeking allocation of electric buses under the initiative. New Delhi, May 16 (PTI) Karnataka will receive electric buses in a 'phased and prioritised manner' under the Centre's flagship PM E-Drive Scheme, Union Heavy Industries Minister H D Kumaraswamy said on Friday. Kumaraswamy held deliberations with senior officials of the Heavy Industries Ministry and assured the Karnataka government of complete support from the Centre. The minister confirmed that the process of allocation is already underway and that Karnataka will receive electric buses in a phased and prioritised manner. 'I will ensure that Karnataka receives all due support from the Government of India,' Kumaraswamy said. 'Under the visionary leadership of Prime Minister Narendra Modi, we are transforming public mobility across India. Karnataka will definitely receive buses under PM E-Drive,' he added. Over 14,000 electric buses are to be allocated to nine major cities under the initiative. The scheme has an outlay of Rs 10,900 crore for two years from April 1, 2024 to March 31, 2026. Discussions between the Union and state governments have also covered associated infrastructure, including charging stations, bus depots, and vehicle maintenance systems. Officials from both sides explored implementation models to ensure rapid roll-out across identified urban clusters, a statement said. PTI RSN SHW SHW This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Hindustan Times
16-05-2025
- Automotive
- Hindustan Times
Karnataka to receive electric buses under PM E-Drive: HD Kumaraswamy
Karnataka will be allocated electric buses in a 'phased and prioritised manner' under the Centre's flagship PM E-Drive Scheme, Union Heavy Industries Minister HD Kumaraswamy announced on Friday. The confirmation comes after the Ministry of Heavy Industries received a formal proposal from the Karnataka government requesting electric buses to enhance urban public transport in key cities. The request was submitted by Karnataka Transport Minister Ramalinga Reddy. (Also Read: ISKCON Bengaluru wins 13-year legal battle over Hare Krishna Temple ownership) Following discussions with senior ministry officials, Kumaraswamy assured the state of full support from the Centre. "I will ensure that Karnataka receives all due support from the Government of India," he said. "Under the visionary leadership of Prime Minister Narendra Modi, we are transforming public mobility across India. Karnataka will definitely receive buses under PM E-Drive." The Union minister confirmed that the allocation process is already underway and that electric buses will be delivered in phases based on priority. The PM E-Drive Scheme aims to allocate over 14,000 electric buses across nine major cities in the country. With a financial outlay of ₹10,900 crore, the scheme will run for two years from April 1, 2024, to March 31, 2026. Officials from both the central and state governments have also discussed supporting infrastructure required for implementation, such as charging stations, bus depots, and maintenance systems. A statement said that multiple rollout models are being explored to ensure swift deployment in identified urban clusters. (Also Read: Kiran Mazumdar-Shaw bats for HAL airport reopening, Bengalureans say 'not a good idea')
