Travelling by public transport vehicles in India is not a pleasant experience, and for good reason. A majority of the buses run by its state road transport undertakings (SRTUs) is old, and there is a shortage of funds to replace or refurbish them.
According to a government report, most SRTUs are unprofitable. The combined net loss of 47 SRTUs in 2015-16 was Rs 11,349 crore, 7.2% higher than in 2014-15. Topping the list was the Delhi Transport Corporation (DTC), with a loss of Rs 3,411 crore. It was followed by the Brihanmumbai Electric Supply and Transport (BEST) at Rs 1,061 crore, and the Kerala State Road Transport Corporation (KSRTC) at Rs 738 crore.
There are 54 SRTUs in India, of which 47 reported their physical and financial performance parameters to the Union road transport and highways ministry’s transport research wing, which prepared the report. The 47 SRTUs had 1.42 lakh buses in 2015-16, with the Maharashtra entity accounting for the largest fleet of buses (18,514).
Only seven such undertakings – including the Bangalore Metropolitan Transport Corporation, Karnataka SRTC, Odisha SRTC, Uttar Pradesh SRTC and Himachal Road Transport Corporation – are profitable. Read More…