India, May 19 -- Cargo Matters has announced the launch of its electric bus manufacturing operations in Karnataka with an investment of Rs 318 crore, marking a significant expansion into India's rapidly growing clean commercial mobility sector.

According to a Press release, the move positions the company among a new wave of domestic manufacturers aiming to accelerate India's transition toward zero-emission freight and passenger transportation. With operations across India, the United Kingdom, Bulgaria, and Australia, Cargo Matters said the Karnataka facility will focus initially on electric buses designed for intercity transportation routes.

According to the company, the economics of electric mobility are becoming increasingly attractiv...