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Buses account for nearly 70–75% of public transport trips in India, with over two million buses in operation, making the sector a major target for electrification.
The stated long-term investment will support the launch of 1,455 air conditioned electric buses in Assam, Maharashtra, and Gujarat.
Here are some of the stocks that may see significant price movement today: Infosys, Mahindra & Mahindra, Lodha Developers, etc.
The sharp increase in the recent order pipeline was driven by various project wins, such as a 1 GWh BESS for state-owned SJVN Ltd., as well as customers orders.
EBITDA margin also went up 50 basis points and 12% for the quarter.
As per the contract, JBM Ecolife Mobility will operate as a bus operator responsible for procurement, supply, operation and maintenance of 1,021 electric buses.
The partnership is seen as a significant step toward transforming intercity transportation, combining technology, luxury, safety, and convenience.
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