Foton PMI to invest Rs 500cr to set up electric bus manufacturing unit in Pune

Foton PMI to invest Rs 500cr to set up electric bus manufacturing unit in Pune PEMSPL, which holds 70 per cent in its joint venture with Beiqi Foton with the rest by the Chinese partner, also said it has entered into a pact with budget carrier SpiceJet to supply electric buses for its operations at Indira Gandhi International Airport here.

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