By next year, Ahmedabad Bus Rapid Transit System (BRTS) will become the first service in India to use electric buses. Ashok Leyland, a commercial vehicleÂ’s manufacturer, in an agreement with Ahmedabad Janmarg (AJL), will run 50 electric buses on the BRTS corridor and will look after the maintenance, appointment of drivers and installing chargers.
Macro developments suggest positive trends in the road sector with pickup in execution. Recent bids under the Hybrid Annuity Model (HAM) in May-June have seen participation increasing from two-four players to seven-eight players as the risk-reward equation is favourable.
In early February 2016, Link Shipping and its partner Symex Maritime Singapore, whom Link Shipping represents in India, created history by pioneering the first movement of cars on a special category Pure-Car-Truck-Carrier (PCTC) vessel, the IDM Symex.
Everstone Group, a private equity firm focused on India and Southeast Asia, has agreed to invest Rs 200 crore ($33.54 million) for a significant minority stake in commercial vehicle financing firm Hinduja Leyland Finance, the companies said on July 22. The Chennai-based non-banking finance company is owned by the Hinduja Group, which runs India's second-biggest bus and truck maker Ashok Leyland.
Ashok Leyland has bagged an order to supply 2,610 buses for Tamilnadu government. The company, a leader in commercial vehicles and Hinduja Group company, has got the order from Institute of Road Transport (IRT) of the state. The Institute is the nodal organisation that procures buses for all transport corporations in Tamil Nadu.