Niti Aayog introduces PACT, ZET Marketplace to accelerate electric freight transition

Replacement vehicles must meet BS-VI or stricter emission norms, or be electric. Owners who don’t comply could face enforcement action, including impounding of vehicles and their transfer to authorised scrapping facilities.

Several senior executives now expect sales to grow ten to fifteen percent this fiscal. This upgrade follows strong sales growth, with August seeing forty percent increases. Industry stakeholders expect momentum to sustain through the rest…

The deployment will begin with 50 vehicles on the Mumbai-Pune route in October 2026, before scaling up as its battery-swapping network is completed on the other routes.

Qureshi, Additional Secretary, Ministry of Heavy Industries, said large banks have been reluctant to lend to the sector because it is a nascent segment and there is limited confidence in the technology.

There are over 2 lakh trucks and buses conforming to Bharat Stage (BS)-IV or prior emission norms, registered in the National Capital Territory of Delhi, according to the ministry.