Geopolitical disruptions and global uncertainty are creating an opportunity to push long-pending industrial reforms in manufacturing and energy security, which can accelerate electric vehicle adoption and localisation in India, a senior executive at JSW Greentech said.
While speaking at Busworld Conclave 2026, JSW Greentech CEO Sumit Mittal noted that the current global environment should be seen as a turning point rather than a risk for the mobility sector. “With this global uncertainty, I think it is absolutely important for all of us to kind of work steadily,” he said.
According to him, recent global developments have opened space for policy and industry changes that were earlier delayed.
“This war, this uncertainty, has given us an opportunity to do reforms in the sector and many other sectors, which were kind of held up because of various reasons. Now, this is the time people are very open to reforms,” Mittal said.
JSW Greentech, established in 2024 as part of the JSW Group, is a new entrant in the electric bus and truck segment. The company is building manufacturing facilities in Maharashtra and recently secured certification for its 12-metre electric bus, JSW 12M, ahead of its launch in the Indian market.
Mittal said the company’s strategy is closely aligned with national priorities such as domestic manufacturing and energy independence. “We are committed to put in serious capital and we are happy to work with the entire industry, all the stakeholders to do meaningful reforms,” he said.
Electrification of buses in India remains at an early stage, with penetration estimated at around 5%, compared with roughly 15% globally. Government’s flagship schemes such as PM E-Drive (earlier FAME) and the PM e-Bus Sewa, and fresh state-level procurements are driving the electric bus sales in India. Tenders for more than 16,500 electric buses have been finalised across the two central schemes. This includes around 5,600 buses under the PM e-Bus Sewa Scheme and 10,900 buses under the PM E-Drive programme.
Industry players expect adoption to grow steadily, supported by government procurement programmes, improved charging infrastructure and standardised operating models.
New entrants such as PMI Electro Mobility, Olectra Greentech, JBM Auto and Eka Mobility have intensified competition alongside established manufacturers, while policy support and localisation efforts are expected to drive the next phase of growth in the electric bus market.