"Of the INR 970 crore, a sum of INR 40 crore has been sanctioned for 2024-25, INR 200 crore for 2025-26, INR 370 crore for 2026-27 and INR 360 crore for 2027-28. The MSRTC board of directors resolution of November 22 last year puts the conversion, maintenance cost, including provision of fuel sources, at INR 19.40 lakh per bus," the GR informed.
The move will bring down the fuel cost considerably, the official said, adding Maharashtra State Road Transport Corporation will also be inducting 5,150 electric buses in its fleet, some of which have already been commissioned. MSRTC has a fleet of around 15,000 buses and ferries 60 lakh passengers per day.
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