New Delhi, April 30 -- The Ministry of Heavy Industries (MHI) held a high-level meeting to discuss financing mechanisms aimed at accelerating the adoption of electric buses and electric trucks in the private sector.
The meeting, chaired by Secretary Kamran Rizvi, MHI, on April 29, 2026, in New Delhi, focused on identifying key financing challenges, assessing the current status of funding for electric commercial vehicles, and exploring solutions to support wider adoption.
Key proposals discussed included partial credit guarantee schemes to reduce lending risks for financial institutions and interest subvention mechanisms to lower borrowing costs for private operators. These measures are aimed at addressing financing barriers in the elect...