How EVs are rewiring the Indian car market

The numbers bear this out. Manav Bansal, co-founder and CEO of Drivn, which buys and leases electric CVs, including buses and medium- and heavy-duty trucks, says there is a clear cost advantage in the CV segment. “A diesel bus costs about ₹50 per kilometre to run, an electric bus costs about ₹35. A typical bus on intercity route runs for 2 lakh km a year. So, the saving that an electric bus makes versus a diesel bus is ₹30 lakh every year.”