cmv_logo

Ad

Ad

The Kalyan Dombivali Municipal Corporation (KDMC) has permitted Causis E-Mobility to operate its EuraBus


By Priya SinghUpdated On: 13-Oct-2022 12:15 PM
noOfViews2,619 Views

Follow Us:follow-image
Read In
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 13-Oct-2022 12:15 PM
Share via:

Follow Us:follow-image
Read In
noOfViews2,619 Views

Over 1250 jobs are expected to be created as a result of the project.

Over 1250 jobs are expected to be created as a result of the project.

eurabus.jpg

Causis E-Mobility, the company plans to increase production to 4000 units by CY23 after recently receiving orders to supply 700 electric double-decker buses to Mumbai civic authority's transport division BEST. The current peak capacity of the company's existing Jaipur plant is around 1000 units.

Causis E-Mobility, a subsidiary of the London-based CAUSIS Group, specializes in the production and distribution of electric vehicles as well as charger infrastructure and renewable energy.

The Kalyan Dombivali Municipal Corporation (KDMC) has granted Causis E-Mobility permission to operate its EuraBus in its jurisdiction. For twelve years, the company has received a Letter of Award (LoA) for the procurement and maintenance of 107 fully built 9-meter, midi, pure electric air-conditioned and non-airconditioned buses with drivers and allied electrical and civil infrastructure on a wet lease basis.

In October of last year, Causis E-mobility signed an MoU with Maharashtra to establish an electric vehicle manufacturing unit near the auto belt of Talegaon in Pune, with an estimated investment of Rs 2,800 crore. Over 1250 jobs are expected to be created as a result of the project.

In phase 2, the company plans to construct its battery gigafactory to manufacture EV batteries. Causis E-mobility has announced plans to build an e-bus factory in Kopparthi, Andhra Pradesh. The Pune and Kopparthi plants will each have a capacity of about 1500 e-buses. "In general, the company's vehicle capacity will be around 4000 units by December 2023," Panga said.

Panga has stated that the BEST project will require an initial investment of around Rs 1800 crore, and the company is in the advanced stages of discussions with a group of banks in this regard. He also stated that the bank will require Causis E-Mobility to provide 25-30% equity funding, with the remainder coming from lenders. "Because this money will be needed over time as deliveries are made. I am confident that the Indian debt market will respond positively," Panga added.

CMV360 always keeps you up to date on the latest government schemes, sales reports, and other relevant news. So, if you're looking for a platform where you can get relevant information about commercial vehicles, this is the place to be. Stay tuned for new updates.

News


Montra Electric Partners with Green Drive Mobility to Deploy 50 EVIATOR e-SCVs

Montra Electric Partners with Green Drive Mobility to Deploy 50 EVIATOR e-SCVs

Montra Electric teams up with Green Drive Mobility to deploy 50 EVIATOR electric vehicles in India, aiming to strengthen sustainable logistics across key delivery segment...

10-Jul-25 11:24 AM

Read Full News
Daimler Truck Unveils Stronger 2030 Strategy with New Financial Goals and €2 Billion Share Buyback

Daimler Truck Unveils Stronger 2030 Strategy with New Financial Goals and €2 Billion Share Buyback

Daimler Truck sets goals for 2030, including higher profits, a €2 billion share buyback, cost-cutting in Europe, and growth in services and clean trucks....

10-Jul-25 07:53 AM

Read Full News
UPSRTC to Convert Diesel Buses into Electric Buses for Greener Transport

UPSRTC to Convert Diesel Buses into Electric Buses for Greener Transport

UPSRTC begins retrofitting diesel buses into electric vehicles, aiming for cleaner, safer, and cost-effective public transport in Uttar Pradesh....

10-Jul-25 06:21 AM

Read Full News
India to Soon Make Artificial Sound Alert Mandatory for Electric Two- and Three-Wheelers

India to Soon Make Artificial Sound Alert Mandatory for Electric Two- and Three-Wheelers

India plans to make sound alert systems mandatory for slow-moving electric 2- and 3-wheelers to enhance pedestrian safety through a new transport rule....

09-Jul-25 11:32 AM

Read Full News
MG Group Unveils TIGRA Intercity Coach, Kicks Off a New Chapter in Luxury Bus Travel

MG Group Unveils TIGRA Intercity Coach, Kicks Off a New Chapter in Luxury Bus Travel

MG Group unveils TIGRA, a super-premium intercity coach, and launches a new corporate identity at its Bengaluru event. Built at Belagavi, TIGRA targets both Indian and gl...

09-Jul-25 06:22 AM

Read Full News
Tata Motors Launches ACE Pro in Delhi at ₹3.99 Lakh: A Game-Changer for Small Businesses

Tata Motors Launches ACE Pro in Delhi at ₹3.99 Lakh: A Game-Changer for Small Businesses

Tata Motors has launched the ACE Pro mini truck in Delhi at ₹3.99 lakh. It comes in Petrol, Bi-Fuel, and Electric types, and is built strong with useful features and a pr...

09-Jul-25 05:34 AM

Read Full News

Ad

Ad