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Olectra Greentech names Mahesh Babu as MD for three years, reshapes board, and eyes growth as India’s electric bus market expands with PM-eBus Sewa and PM E-Drive schemes.
Olectra Greentech denies direct penalties in PMPML dispute, clarifies penalties relate to other contractors, and confirms its 150-bus operations remain unaffected.
India advances in EVs, agri-tech, and safety reforms, highlighting sustainable growth, rural empowerment, and digital transformation across key sectors.
Olectra Greentech holds only 1% share in the special company (SPV) formed for the bus project, while the remaining 99% is owned by EVEY Trans Pvt Ltd.
The company will supply and maintain 297 electric buses in a deal worth around ₹424.01 crores.
Key updates on Scania-DHL’s E-truck, VECV’s ₹1,500 Cr EV plan, Olectra’s new trucks, Mahindra sales, and farm subsidies.
Olectra Greentech has now started testing its 6×4 heavy-duty electric tipper in Hyderabad.
Olectra recently secured an order for 5,150 electric buses from MSRTC in Maharashtra.
The company's product portfolio includes 7 metre, 9 metre, and 12 metre electric AC buses, with an order book of 10,969 units.
The award of the contract for the supply, operation and maintenance of 2,400 electric buses marks an important milestone in Mumbai's journey towards sustainable urban mobility.
Olectra Greentech is investing in manufacturing facilities to meet the growing demand for electric buses. The Telangana government has given the corporation a spacious 150-acre plot of land in Hyderabad for the building of a world-class manufacturing faci
Olectra will also be in charge of the electric buses' maintenance for the duration of the contract.
Customers can experience the benefits of Solectrac's zero-emission tractors on a monthly basis, making it an inexpensive and accessible option to purchase.
The company's focus remains on increasing manufacturing capacity and enhancing technology capabilities. As a result, it will maintain market leadership in the electric bus segment.
Olectra is a prominent player in the electric heavy vehicle category in India, and its e-tipper has become the country's first certified heavy-duty electric tipper.
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