Kerala

KSRTC Annual Report Challenges Minister’s View on Electric Bus Profitability

Clash of Perspectives: Profits Revealed as KSRTC Counters Minister's Stand

Kerala State Road Transport Corporation (KSRTC) recently released its annual report countering Minister KB Ganesh Kumar’s assertion that electric buses are not economically viable. The comprehensive report reveals the extent of electric bus services operated by KSRTC until December and the profit generated from them.

Key Points:

  • The KSRTC’s annual report contradicts Minister KB Ganesh Kumar’s claim that electric buses are not profitable, revealing a profit of Rs 2.89 crore over 9 months.
  • The report discloses detailed statistics on electric bus services in Thiruvananthapuram, indicating a per-kilometer profit of Rs 8.21 despite the minister’s reservations.
  • Minister Ganesh Kumar reacted negatively to the premature leak of the report, expressing dissatisfaction and seeking an explanation. At the same time, officials and political figures exhibit varying opinions on the future of electric buses in Kerala.

KSRTC’s annual report, submitted to Transport Minister Ganesh Kumar, challenges the minister’s belief that electric buses need more profitability regarding purchase costs and revenue collection. The report indicates a profit of Rs 2.89 crore over the past 9 months through electric buses. The minister plans to assess the report before deciding on further action.

Minister’s Reaction and Request for Explanation:
Minister Ganesh Kumar expressed displeasure at the leaked report to the media and criticized officials for this. He sought to explain the premature disclosure of the annual figures, emphasizing the need for confidentiality.

Electric Bus Performance:
KSRTC’s report outlines that electric buses introduced in Thiruvananthapuram from April to December 2023 have yielded a profit of Rs 2.88 crore. During this period, 18,901 electric buses operated in the capital. The per-kilometer cost of an electric bus, considering expenses like salary and fuel, is Rs 28.45. However, the average income per kilometer is Rs 36.66, resulting in a profit of Rs 8.21 per kilometer.

Minister’s Stance and Opposition:
Despite the reported profit, Minister Ganesh Kumar maintains his position that purchasing more electric buses should be halted. He hinted at a potential fare review, suggesting the current Rs 10 fare for city services might be reconsidered. Additionally, plans to reorganize existing routes are in the pipeline. However, prominent figures like MLA VK Prashanth and Mayor Arya Rajendran expressed the minister’s perspective. CPM state secretary MV Govindan pledges to stand for the people while reviewing policy decisions. The clash of opinions sets the stage for a critical examination of the future of electric buses in Kerala.

Rohit Sharma

Rohit Sharma is a seasoned Political Journalist with a deep passion for Indian Politics. With over a decade of experience in the field, he has established himself as a trusted… More »

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