Payment Security Mechanism: a New Era of Electric Bus Deployment in India
See how electric bus manufacturing in India is set to change thanks to the Payment Security Mechanism.
What’s in this Report?
In India, the e-bus market remains in its early stages and faces heavy capital expenditure challenges. To address this, the Government of India introduced the Payment Security Mechanism (PSM) to ensure timely payments in case of default in payment by the transport agencies in the country. In short, higher market confidence and improved bankability for manufacturers and operators.
Explore the consequences of the PSM, why it is needed, and its potential to boost Indian e-bus manufacturing.
Contents:
- A case study of PSM from the power sector
- How PSM would be implemented
- Who is eligible?
- Promising outcomes & opportunities
