Azad India Mobility Ltd's electric bus completes 1 lakh kilometres of on-road running

One of Azad India Mobility Ltd's 12.5 metre electric buses deployed in inter-city operations has successfully crossed an aggregate of 1,00,000 kilometres of on-road running today. This milestone reflects the robustness of the Company's electric bus platform, its growing operational footprint and the increasing acceptance of sustainable public transport solutions among passengers in India.

The subject bus has completed these 1,00,000 kilometres with zero tailpipe emissions, contributing to lower urban pollution and reduced dependence on fossil fuels as compared to conventional diesel buses. Our operating data indicate improved ride comfort, lower noise levels and enhanced reliability, which together support a superior customer experience on electric buses.

Building on this achievement, we are targeting to scale up our electric bus operations with the aim of cumulatively achieving 1,00,000 electric bus kilometres per day across our fleet over the next year, subject to route allocations, customer demand and timely commissioning of additional vehicles. This is in line with national and state-level initiatives to promote electric mobility and expand the share of zero-emission buses in public and inter-city transportation.

We believe that sustained investment in electric buses, charging infrastructure and supporting ecosystem will create long-term value for our stakeholders while aligning with India's climate and energy-security objectives.

Shares of Azad India Mobility Ltd. was last trading in BSE at Rs. 137.30 as compared to the previous close of Rs. 137.00. The total number of shares traded during the day was 8699 in over 110 trades.

The stock hit an intraday high of Rs. 141.05 and intraday low of 132.00. The net turnover during the day was Rs. 1186705.00.

Source : Equity Bulls

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AzadIndiaMobility INE566M01017 1LakhKilometres Milestone ElectricBus