ECA -Mobility to pump £ 800 CR to increase the electric bus capacity, delivery

Copyright © HT Digital Streams Limit all rights reserved. Ayaan Kartik 3 min Read 14 Sept 2025, 05:08 pm ist Electric Bus Investments gets momentum, even though Olectra Greenech’s order of 5,000 buses is briefly canceled over delays in delays. (HT) Summary The investment in ECA, the electric bus maker promoted by India’s Pinnacle Industries and supported by Japan’s Mitsui Corporation and Dutch VDL grabs will be funded by a mixture of shares and debt. Eka Mobility, the electric bus maker promoted by India’s Pinnacle Industries and supported by the Japan’s Mitsui Corporation and Dutch VDL grabs, plans to invest this financial year £ 800 to expand capacity and ensure timely delivery of buses to state governments and private operators. The investment will be funded by a mixture of equity and debt, which helps to increase the number of buses it can deliver each month, a top official said. Including the planned layout, the company would have invested more than £ 1,800 crore since the inception in 2022. The investment wave in the electric bus segment came at a time when Megha Engineering’s Olectra Greench flew from the Maharashtra State Government over delayed deliveries, which led to the cancellation of a 5,000 bus order that later was again. Production increases on “We will have no problems in the delivery of electric buses as we increase capacity in our plants,” Sudhir Mehta, founder and chairman of ECA Mobility, told Mint in an interview. Mehta said the company would expand its capacity to produce 500 electric buses annually by the end of this financial year, from 250 currently. According to the company, it has an order book over 3.300 electric buses in India and some markets in Africa. The company has two plants in Pune, and a third one is built in Pithampur, Madhya Pradesh. ECA mobility manufactures electric buses and small commercial vehicles, with the company competing such as Tata Motors, JBM Auto, Ashok Leyland and PMI Electro Mobility Solutions Ltd in the Ebus segment. In 2023, EKA established a strategic partnership with Mitsui and VDL grabs, which ensured technology cooperation and joint investments of £ 830 crore. While Mitsui focused on bringing capital into the business, EKA works with VDL to bring the technical knowledge for making electric buses. ECA is one of the subsidiary companies of the Pune-based Pinnacle Industries, a nearly three decades-old motorist and interior maker. In FY25, the country had a total of 3.314 electric bus sales, 6% lower than the previous year. Of these sales, Tata Motors had a 32% market share, with 1.058 e-bus deliveries, while OlectRa had a 21% share with 710 deliveries, the data on the Vahan portal of the government showed. ECA, on the other hand, had only 72 deliveries, with a market share of 0.3% last year, but Mehta says the capacity is rapidly increasing. Between April and September this year so far, ECA has registered and delivered 163 electric buses to its market share to 8%. In FY24, the company incurred a loss of £ 32 crore, while the revenue, according to filing, was at £ 53.1. But Mehta is sure that as the deliveries arise, the company will succeed in making a space for itself with investments in the right place. Competition and prospects The competitors of the company also increase their investments, with Ashok Leyland announcing a £ 500 crore infusion in its electric bus arm earlier this year. By acquiring SML Isuzu, Mahindra and Mahindra can soon enter the electric bus segment, while JSW also builds its commercial vehicles, which include introducing electric buses from the next financial year. “The increasing competition in the sector is good. It will help expand the segment and also meet the growing demand,” says Mehta. “The buses of public transport will be electrified, but which is also an interesting opportunity for us is the rise of electrical intercity buses.” But will the rise of big players’ interest in the Segment ECA do damage? Mehta doesn’t think so. “Everyone starts out of the same space in the EV segment. For investments and technology we already have global partnerships, so there is no concern about the fact that we cannot match competitors.” The industry experts have repeatedly emphasized that the key to electric bus makers is the most important to ensure timely deliveries. test. There are the government and private orders pending, and there is an expectation that investments will be made to increase the production possibilities, “Chartered Speed ​​director Sanyam Gandhi told Mint. #Investments #evs #funding read next story