This contract is too big for Import and rebranding. Maybe they will start localising now with big order in hand?
The buses will benefit from the central government subsidy offered under the remodeled FAME II scheme administered by the Ministry of Heavy Industries. “With the very low discovered prices under the Grand Challenge, a savings of approximately Rs 361 crore of national subsidy can be realised...
m.economictimes.com
All Indian ev companies, including tata , import battery cells from south Korea and China and assemble them in India.
Major cost of any ev is -
battery
motor
BMS- battery management system
Converters AC to DC , etc
Rest of the components are shared with IC vehicles.
Indian companies show the body, suspension and interiors as indigenous, probably at inflated costs and artificially increase the local content.
No technology enhancement takes place in India and the Chinese and local Indian companies get their cut.