Rural Electrification Corporation (REC) Ltd almost tripled its funding for electric buses to roughly 10,000 buses in FY24. The disbursal grew from Rs 2439 crore in FY23 to Rs 7124 crore, underlying strong traction for electric buses across State Transport Undertakings across the country. Vivek Kumar Devangan, Chairman and Managing Director of government-backed REC told Autocar Professional that on the back of strong demand, he expects REC to fund over 50,000 electric buses over the next two t

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