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 PM e-Drive scheme of the Government of India, with Convergence Energy Services Limited (CESL) acting as the nodal procurement agency.
The order includes 100 nine-metre and 815 twelve-metre standard-floor non-AC electric buses designed for urban transit operations. Under CESL’s Gross Cost Contract (GCC) model, the consortium will handle the procurement, operation and maintenance of the fleet along with the development of charging and supporting infrastructure. The city transport authority will pay a fixed per kilometer fee while retaining the fare revenue.
Rohit Srivastava, Business Head and Chief Development Officer, EKA Mobility, said the award reflects confidence in the company’s technology and execution capabilities, adding that the project will support Hyderabad’s transition towards clean and smart mobility.
Hyderabad among major cities in PM e-drive rollout
The PM e-Drive scheme aims to accelerate electric mobility adoption with a subsidy of about ₹4,391 crore, aimed at deployment of over 14,000 electric buses across nine major cities. CESL’s aggregation-based GCC model extends to cities including Delhi, Bengaluru, Hyderabad, Ahmedabad and Surat.
Hyderabad has been allocated 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 of EKA-Greensail partnership
This latest win adds to a series of projects secured by the EKA Mobility-Greensail consortium. Earlier, the companies had received LOA for 750 electric buses in 11 cities of Andhra Pradesh as well as a similar project in Rajasthan. They are also running 75 electric buses in Puducherry under the PM e-Bus Seva Yojana.
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 entered into a strategic collaboration with VDL Group to support its expansion and has received support from Mitsui & Co.
Greencell Mobility, backed by Eversource Capital, is one of India’s leading electric bus operators with a growing fleet and over 270 charging stations across the country. The company recently raised $89 million to significantly expand its operations.
With over 800,000 public buses and 12 lakh private buses operating in India, the opportunity for electrification is substantial. It is estimated that each electric bus will reduce approximately 100 tonnes of CO₂ emissions annually compared to diesel counterparts, reinforcing the environmental and economic benefits of such a large-scale deployment.
