Eka Mobility to pump in ₹800 cr to boost electric bus capacity, delivery

A senior company official said that the investment will be financed by a mixture of equity and debt that will help to increase the number of buses it can deliver every month. The company would invest, including planned expenditures. La1,800 Crore since its establishment in 2022.

The investment wave in the electric bus segment comes at a time when Megha Engineering’s Olectra Greentech’s Maharashtra State Government caused the victory of a 5,000 -old ordeal due to delayed delivery of the State Government of Maharashtra.

Production ramp

“As we increase the capacity in our plants, we will not encounter any problems in electric bus deliveries,” Ekin Mobility’s founder and president of Ekin Mobility. He said.

Mehta said that the company will expand its capacity to produce 500 electric buses per year from 250 to the end of this financial year. According to the company, there are more than 3,300 electric buses and some markets in Africa in India.

The company has two plants in Pune, and the third in Madhya Pradesh Pithampur is being built. EKA Mobility, EBUS segment TATA Motors, JBM Auto, Ashok Leyland and PMI Electro Mobility Solutions LTD, such as competing with competing companies and electric buses and small commercial vehicles.

In 2023, Eka signed a strategic partnership with Mitsui and VDL Groep and secured technology cooperation and joint investments. La830 Crore. While Mitsui focuses on bringing capital to the company, EKA cooperates with VDL to bring the technical know-how to build an electric bus.

EKA is one of the side companies of Punenacle Industries, a Pune -based Punenacle Industries, a three -year automotive seat and internal manufacturer.

In FY25, the country saw a total of 3,314 electrical buses, which were 6% lower than the previous year. Tata Motors had a 32% market share with 1,058 e-bus delivery, and Olectra had a 21% shares with 710 delivery.

On the contrary, Eka made only 72 delivery with a market share of 0.3% last year, but Mehta says the capacity has increased rapidly. Between April and September this year, EKA recorded it on 163 electric buses with its market share and delivered it.

Company in FY24, La32 crore while income La53.1 Crore, according to applications. However, as Mehta will make a place for him with investments in the right place as the delivery increases.

Competition and view

The company’s competitors also increase their investments and Ashok Leyland is a LaEarlier this year, the electric bus arm of 500 Crore infusion.

With the purchase of SML Isusu, Mahindra and Mahindra can soon enter the electric bus segment, while JSW is building commercial vehicles including electric buses planned to be released from the next financial year.

Meh is good to increase competition in the sector. It will help to expand the segment and to meet the increasing demand, Me “Public transport buses will be electric, but the rise of intercity buses, which is also an interesting opportunity for us.”

But will the rise of the interest of the big players in the segment will harm Ekin? Mehta doesn’t think so. “Everyone starts from the same area in the home segment. We already have global partnerships for investments and technology, so he doesn’t worry not to match competitors”

Industry experts have repeatedly emphasized that the key for electric bus producers lies in timely delivery.

“The next two years, large original equipment producers (OEM) will test their production capabilities (OEM). There are government and special orders, so there is an expectation that investments will be made to increase investments.”