The PM e-Bus Sewa Payment Security Mechanism Scheme has got approval from the Ministry of Heavy Industries, Government of India.

The scheme will establish a payment security mechanism fund for procurement and operation of electric buses under the government of India / State Government and Union Territories sponsored schemes.

The idea is to mitigate the risk of payment delays and support OEMs and operators who have entered into concession agreements with public transport authorities.

The scheme for a period of 12 years is expected cover around 38,000 e-buses and has a budgetary outlay of INR 34.53 billion.

The PM e-Bus Sewa scheme will provide payment security in case of default by public transport authorities in making timely payment to the operators as per the agreement executed between the them and the OEM/operators.

It will also provide a mechanism for recouping of Scheme Funds from the parent State Governments/UTs in the event of non-repayment by PTAs. This will ensure sustainability of the scheme fund.

Furthermore, it is expected to provide support in capacity building, training needs and adoption of innovative technologies by public transport authorities for e-bus operation.

Convergence Energy Services (CESL) has been selected as the implementing agency for the scheme.

Representational image courtesy: Tata Motors

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Propel Industries Private Limited showcased a large portfolio of construction equipment at Excon 2025 that included four new electric tipper models. The company aso unveiled an all-new connectivity platform and a comprehensive after-sales uptime solution. 
The four new electric tippers include the 90CED (claimed to be India's first ultra-fast charging 90 tonne electric dumper with ADAS Level 1 safety), 70CED (claimed to be India's first 8x4 mining e-tipper with 25 cu m rock body), 560HEV-X (claimed to be Indias first 8x4 construction tipper with 25 cu m box body), 470MEV Gen-2 (caimed to be India's first 6x4 tipper with 20 cu m rock body) in particular. 
The Pulse.ev connectivity platform as a new digital ecosystem built in-house specifically for electric mining and hauling operations includes features such as real-time vehicle health and diagnostics; energy consumption insights; predictive maintenance analytics and fleet optimization suite for multi-shift operations.
"The announcements reinforce Propels commitment to innovation, high-productivity for customers, zero-emission, and future-ready heavy-duty mobility. Since start of EV truck sale in 2023, the brand has expanded its presence across coal, overburden, limestone, iron-ore, stone quarry, marble & granites, and solid waste management segments. Propel trucks have cumulatively covered over 5 lakh operating hours and the first set of 8 trucks have clocked 12,500 hours in 2 years, which is equivalent to 20 hrs per day. This proves the reliability and uptime of the propel electric trucks," said Siddarth Kirtane, President – EV Sales, Marketing and Service, Propel Industries. 

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JCB India launched its largest ever excavator at 52 tonness in India. It did so at the Excon 2025 exhibition in Bengaluru. The excavator, showcased along with over 10 new products, will cater to domestic as well as export markets.  Of the over 10 machines the company showed at the show, there included backhoe loaders with enhanced features in line with the customer-first strategy. JCB India is giving much attention to lower cost of ownership, higher fuel efficiency, improved machine uptime, enhanced safety and ergonomics while designing its new equipment.    With sustainability the factor, the company showcased the hydrogen engine powered backhoe loader that it unveiled in 2023. It announced the expansion of its hydrogen powered construction equipment portfolio at Excon 2025 with a hydrogen-powered genset.  "Excon is a forum that brings together customers, policymakers, contractors, financiers, suppliers, and technology leaders, creating an ecosystem for strategic collaboration and long-term business growth. JCB exports to more than 135 countries from India and this year we also have customers from South Asia, Africa Region and South-East Asia visiting us. Excon allows us to understand evolving market needs and demonstrate how our latest solutions align with both global and India’s infrastructure demands," said Deepak Shetty, CEO and MD, JCB India. 

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JK Tyre & Industries Ltd launched four new Off-the-Road (OTR) tyres at Excon 2025 in Bengluru. Unveiled by Dr R Mukhopadhyay, Director (R&D), JK Tyre, the four new OTR tyres further expand the company's portfolio in construction and mining equipment. 
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Mahindra’s Construction Equipment business (MCE) launched the Compax mini compactor at EXcon 2025 in Bengluru. The mini compactor, aimed at the road construction industry, packs cutting edge techbology to deliver best-in-cass fuel efficiency and reliability. It is built robust and furthers the standards in the category to ensure better returns to the operators. 

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