Retrofitting Diesel Intercity Buses Could Create 50,000+ Jobs
ECONOMY & POLICY

Retrofitting Diesel Intercity Buses Could Create 50,000+ Jobs

The recent report highlighted the employment potential stemming from the adoption of retrofitting in inter-city diesel passenger buses. According to the report, converting current internal combustion engine (ICE) vehicles to electric ones, known as retrofitting, is projected to create a substantial number of jobs in the coming years. It was projected that this initiative would result in the addition of 6000-7000 direct jobs and 36,000-42,000 new indirect jobs over the next few years.

The report, jointly prepared by the EGROW Foundation in collaboration with Primus Partners, also emphasized the environmental and economic benefits of retrofitting. It explained that retrofitting involves replacing the original engine and associated parts with a new alternative energy source, thereby reducing operating and maintenance costs compared to traditional and new electric buses. The report further noted that if 20,000 buses are retrofitted annually, it could save approximately 500,000 tons of diesel and decrease crude oil imports by 12.7 million barrels per year. This initiative aligns with India's goal of creating 30-35 million new green jobs by 2047.

Additionally, the report analysed the financial implications of retrofitting, stating that it offers a quicker return on investment (ROI) compared to purchasing new electric buses. This aspect makes it an attractive option for both bus fleet operators and government authorities.

Overall, the report underscored the multifaceted benefits of retrofitting, from job creation to economic savings and environmental sustainability, positioning it as a viable strategy for advancing India's transport sector towards greener and more efficient practices.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The recent report highlighted the employment potential stemming from the adoption of retrofitting in inter-city diesel passenger buses. According to the report, converting current internal combustion engine (ICE) vehicles to electric ones, known as retrofitting, is projected to create a substantial number of jobs in the coming years. It was projected that this initiative would result in the addition of 6000-7000 direct jobs and 36,000-42,000 new indirect jobs over the next few years. The report, jointly prepared by the EGROW Foundation in collaboration with Primus Partners, also emphasized the environmental and economic benefits of retrofitting. It explained that retrofitting involves replacing the original engine and associated parts with a new alternative energy source, thereby reducing operating and maintenance costs compared to traditional and new electric buses. The report further noted that if 20,000 buses are retrofitted annually, it could save approximately 500,000 tons of diesel and decrease crude oil imports by 12.7 million barrels per year. This initiative aligns with India's goal of creating 30-35 million new green jobs by 2047. Additionally, the report analysed the financial implications of retrofitting, stating that it offers a quicker return on investment (ROI) compared to purchasing new electric buses. This aspect makes it an attractive option for both bus fleet operators and government authorities. Overall, the report underscored the multifaceted benefits of retrofitting, from job creation to economic savings and environmental sustainability, positioning it as a viable strategy for advancing India's transport sector towards greener and more efficient practices.

Next Story
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000