Indian e-bus makers rise as government to deploy 10,000 AC e-buses by 2027

Ashok Leyland

24/03/2026 06:33

** Indian electric bus companies Olectra Greentech OLEC.NS, JBM Auto JBMA.NS, Ashok Leyland ASOK.NS gains 5.76%, 7.19%, 1.35%, respectively

** Indian government says 10,000 AC e-buses to be deployed in 116 cities by 2027 under PM e-Bus Sewa Scheme

** Minister of Housing and Urban Affairs ML Khattar says agreements for 6,500 buses done; second scheme for 35,000 buses to be introduced soon

** YTD, OLEC falls 9.6%; JBMA loses 7.6%; ASOK sheds 8.37%

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))