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According to the terms of the agreement, SMBC has extended a long-term Project Finance facility to GreenCell Mobility for its 350 electric buses project in UP, the company said.
National Investment and Infrastructure Fund Limited has invested $200 million for a majority stake in iBUS Network and Infrastructure Ltd.
Others such as JBM Ecolife, Greencell Mobility, and PMI Electro Mobility have also bid for the large tender. EKA Mobility (Pinnacle Industries) had received approval under the ₹25,000 crore production-linked incentive scheme announced by the Centre for the auto and auto component sector. Adani Enterprises, EKA Mobility and CESL did not respond to ET's queries till press time Thursday.
Adani With EKA Mobility: Others such as JBM Ecolife, Greencell Mobility, and PMI Electro Mobility have also bid for the large tender. EKA Mobility (Pinnacle Industries) had received approval under the INR 25,000 crore productionlinked incentive scheme announced by the Centre for the auto and auto component sector.
As India's auto industry eagerly awaits the interim budget, leaders voice expectations for import duty cuts, infrastructure development, policy stabil