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Switch Mobility, the next-generation carbon-neutral electric bus and light commercial vehicle company, would supply, operate and maintain the 300 buses, the company said in a release.
Karnataka Chief Minister Basavaraj Bommai flagged off 75 Switch EiV 12 buses in Bengaluru and would be inducted into the fleet of the Bengaluru Metropolitan Transport Corporation (BMTC).
The company had incurred a net loss of Rs 324 crore in the same period last fiscal year, Ashok Leyland said in a regulatory filing.
Ferrari and Lamborghini are trying to design battery-powered cars that inspire the same devotion as their costly internal combustion models.
Recently, the Centre has approved bids for four companies to avail incentives under the PLI Scheme for ACC battery storages