Thane, March 24 The civic transport undertaking in Thane city, Maharashtra, has proposed a budget of ₹791.86 crore for 2026-27, with a focus on electric buses and no increase in fares for passengers.
Thane Municipal Transport (TMT) manager Balchandra Behere presented the budget on Monday, outlining a vision to transform the undertaking into a sustainable, technology-driven multimodal transport system.
Under the PM-eBus Sewa Scheme, 100 air-conditioned electric buses are expected to be inducted into the TMT fleet in 2026-27, and tendering is underway for an additional 160 AC e-buses through grants from the 15th Finance Commission's NCAP.
By March 2027, TMT aims to have a total of 370 new vehicles, including 270 AC e-buses and 100 CNG non-AC buses.
The undertaking expects a total revenue of ₹182.27 crore from bus operations and advertisements, and has requested a grant of ₹538.29 crore from the Thane civic body to cover the deficit caused by rising fuel costs and subsidized travel for senior citizens and women.
The budget also includes the retrofitting of 240 diesel buses with CNG kits and the implementation of digital passes for senior citizens to streamline operations.