Greencell, Chartered Speed, PMI Electro Lowest Bidders for Bengaluru's 4,500 E-Bus Contract
MMoneycontrol•02-04-2026, 19:20
Greencell, Chartered Speed, PMI Electro Lowest Bidders for Bengaluru's 4,500 E-Bus Contract
- •Greencell Mobility, Chartered Speed, and PMI Electro Mobility are the lowest bidders for supplying and operating 4,500 electric buses in Bengaluru under the PM e-Drive scheme.
- •BMTC awaits Karnataka government's approval to award the tender, which has been pending since December 2025.
- •Greencell Mobility leads the AC bus segment, quoting Rs 70.65/km for 300 low-floor (12m) buses and Rs 60.94/km for 100 low-floor (9m) buses.
- •Chartered Speed is the lowest bidder for 3,500 non-AC (12m) buses at Rs 62.92/km, while PMI Electro Mobility quoted Rs 55.55/km for 600 non-AC (9m) buses.
- •The discovered rates are higher than some existing contracts, and operators cited high driver salaries and maintenance costs.
