Azad India Mobility to Begin Electric Bus Production in Bengaluru

Bengaluru- Azad India Mobility Limited., formerly known as Indian Bright Steel Co Limited, has taken a major step in strengthening India’s electric vehicle ecosystem by leasing a modern manufacturing facility in Bengaluru. The board of directors approved the agreement on September 26, 2025, marking the company’s strategic entry into electric bus production in line with India’s sustainable mobility drive.

The facility, located at Mysore Road, Seshagirihalli, spans 8,094 sq. meters and has been leased from Azad Coach Builders Private Limited. Designed specifically for electric bus manufacturing, the government-approved plant has an annual capacity of up to 1,500 units. It will serve as a one-stop hub for bus body fabrication, integration of locally sourced and imported components, and final assembly of fully built electric buses.

The five-year lease, effective October 1, 2025, includes provisions for extension by mutual consent. The agreement is structured with a monthly rent of ₹25.50 lakh, excluding GST, and a 5% annual escalation, with payments due within seven days of each month’s close—ensuring financial clarity and predictability.

What sets this facility apart is its EV-focused infrastructure. With all necessary regulatory approvals in place, Azad India Mobility will enjoy uninterrupted operations and the flexibility to implement infrastructure upgrades, ensuring scalability without compliance hurdles.

“This lease marks a pivotal milestone in our journey to deliver innovative electric bus solutions aligned with national sustainability goals,” a company spokesperson said. By focusing on electric buses, Azad India Mobility aims to support the government’s Electric Mobility Promotion Scheme while helping reduce emissions from urban transport.

The company also emphasized transparency in the transaction, classifying it as a related party transaction due to overlapping directorships. Both Mr. Bupinder Singh Chadha and Mr. Chamjit Singh Chadha serve on the boards of Azad India Mobility and Azad Coach Builders. The firm assured stakeholders that the deal was executed at arm’s length, with independent oversight and market-based valuation.

This expansion comes as Azad India Mobility continues its rebranding journey and prepares to capitalize on India’s rapidly growing EV sector. With demand for green public transport surging in cities like Bengaluru and Delhi, the facility strengthens the company’s ability to participate in the $200 billion Indian EV market projected by 2030. Industry observers see this as a logical progression, leveraging Azad’s legacy in steel and fabrication to power its EV ambitions.

As operations begin in October, the Bengaluru plant is expected to accelerate the rollout of electric buses for state transport corporations, contributing to a cleaner, more efficient urban mobility ecosystem. Details on initial production models and rollout timelines will be shared in the coming quarters.

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