Indian Economy News

Delhi Transport Corporation (DTC) depots to become commercial hubs, eye Rs. 2,600 crore (US$ 304 million) in revenue

The Delhi Transport Corporation (DTC) is set to generate Rs. 2,600 crore (US$ 304 million) in revenue by redeveloping its depots into commercial hubs. The Delhi government has fast-tracked the commercial development plan to revive the financially struggling DTC. Approvals have been granted for the redevelopment of Banda Bahadur Marg and Sukhdev Vihar depots, with expected revenues of Rs. 1,858 crore (US$ 217.25 million) and Rs. 758 crore (US$ 88.63 million), respectively. These redeveloped multi-level depots will earn revenue through parking facilities, advertising, mobile tower installations, and office space rentals. The project will operate on a self-sustaining model, with no financial input from DTC or the government, and is targeted for completion within 21 to 28 months.
The move comes in response to alarming financial data, with Comptroller and Auditor General (CAG) reports showing DTC's accumulated losses rising from Rs. 25,299.87 crore (US$ 2.96 billion) in 2015-16 to Rs. 60,741.03 crore (US$ 7.10 billion) in 2021-22. The reports also noted a decline in DTC’s fleet size and recommended urgent reforms. In line with its strategy to improve bus services, the Delhi government recently launched the Delhi Electric Vehicle Initiative (DEVI) mini-electric buses on May 2, 2025, to enhance last-mile connectivity. It also plans to phase out outdated buses and replace them with new electric buses, reinforcing the capital’s commitment to modern, sustainable public transport solutions.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.