EKA Mobility, in partnership with GreenCell Mobility, has secured a Letter of Award (LOA) for the supply and deployment of 915 electric buses in Hyderabad. The project is part of the Government of India’s PM E-DRIVE scheme, with Convergence Energy Services Limited (CESL) serving as the nodal procurement agency.
The order includes 100 nine-metre and 815 twelve-metre standard-floor non-AC electric buses, tailored for urban transit operations. Under CESL’s Gross Cost Contract (GCC) model, the consortium will handle procurement, operations, and maintenance of the fleet, along with the development of charging and supporting infrastructure. The city transport authority will pay a fixed per-kilometre fee, while retaining fare revenues.
Rohit Srivastava, Business Head and Chief Growth Officer at EKA Mobility, said the award reflects confidence in the company’s technology and execution capabilities, adding that the project will support Hyderabad’s transition toward cleaner and smarter mobility.
Hyderabad among key cities in PM E-DRIVE rollout
The PM E-DRIVE scheme aims to accelerate electric mobility adoption with subsidies of around ₹4,391 crore, targeting deployment of over 14,000 electric buses across nine major cities. CESL’s aggregation-based GCC model spans cities including Delhi, Bengaluru, Hyderabad, Ahmedabad, and Surat.
Hyderabad has been allocated up to 2,000 electric buses under the programme, with this 915-bus order marking the first phase of deployment. CESL had concluded tenders for 10,900 buses in December 2025, with strong participation from industry players.
Growing momentum for EKA–GreenCell partnership
This latest win adds to a series of projects secured by the EKA Mobility–GreenCell consortium. Earlier, the companies received an LOA for 750 electric buses across 11 cities in Andhra Pradesh, as well as a similar project in Rajasthan. They are also operating 75 electric buses in Puducherry under the PM E-Bus Sewa scheme.
Strengthening India’s Electric Mobility Ecosystem
EKA Mobility, based in Pune and a subsidiary of Pinnacle Industries, offers a range of electric commercial vehicles including buses, trucks, and small commercial vehicles. The company has strategic collaborations with VDL Group and backing from Mitsui & Co. to support its expansion.
GreenCell Mobility, backed by Eversource Capital, is one of India’s leading electric bus operators, with a growing fleet and over 270 charging stations nationwide. The company recently raised $89 million to scale its operations significantly.
With India operating over 800,000 public buses and 1.2 million private buses, the electrification opportunity is substantial. Each electric bus is estimated to reduce around 100 tonnes of CO₂ emissions annually compared to diesel counterparts, reinforcing the environmental and economic benefits of such large-scale deployments.
