India, US collaborate on project to deploy 10,000 e-buses in India

Jbm Auto

20/09/2023 13:31

NEW DELHI, Sept 20 (Reuters) - The United States and
India will collaborate on a project to deploy 10,000
made-in-India electric buses in Indian cities, the U.S. embassy
said in a statement on Wednesday. 
    A key component of the project will be a new payment
security mechanism that will "accelerate new and more
sustainable investments by lowering financial risks," the
embassy said. 
    "The partnership announced today will mobilize financing for
a fleet of 10,000 electric buses throughout India, expanding
options for electric public transportation in India, creating
cleaner cities and healthier communities," U.S. Ambassador to
India Eric Garcetti said. 

 (Reporting by Shivam Patel; editing by Christina Fincher)
 ((Shivam.Patel@thomsonreuters.com;))