Gadkari targets 2 lakh bus production in three years as PM e-Bus Sewa rollout advances
India plans to manufacture 2 lakh buses over three years, while PM e-Bus Sewa targets 10,000 buses through a Rs 57,000 crore outlay. Transport minister Nitin Gadkari also highlighted ethanol, hydrogen, EV and waste-to-fuel initiatives aimed at cutting petroleum imports and supporting farm incomes.
What happened
Government of India · Nitin Gadkari promoted ethanol, EVs, hydrogen and waste-to-fuel projects while launching Madhya Pradesh’s new bus service. He said India
Key facts
- Maize prices rose from about Rs 1,200 to Rs 2,600 per quintal after ethanol production began
- India imports petroleum worth around Rs 22 lakh crore
- Hydrogen buses planned on 10 routes
- Nagpur produces 28 tonnes of CNG daily from waste
- Around 4,000 waste-to-fuel projects are being taken up nationwide
- PM e-Bus Sewa targets 10,000 buses with Rs 57,000 crore outlay
- 972 buses sanctioned under PM e-Bus Sewa
- India has about 2 buses per 1,000 people versus a stated need for 8
- Government aims to manufacture 2 lakh buses in 3 years
- Transport sector accounts for around 40% of air pollution
- 32 driving centres started in Madhya Pradesh
Why this matters
Mobility companies should prioritize partnerships or acquisitions in bus manufacturing, fleet operations, charging, fuel distribution and maintenance to capture government-led scale-up opportunities.