Olectra Greentech Begins Phase-I Operations at Hyderabad EV Bus Plant

Key Highlights

• Phase-I commercial operations began on December 31, 2025.

• Hyderabad plant capacity set at 2,500 electric buses annually.

• Facility achieves 50% of planned 5,000-bus capacity.

• Operations formally notified to State Bank of India.

• Shares closed higher at ₹1,204, up 0.42%.

Olectra Greentech Limited has officially started Phase-I commercial operations at its new greenfield electric vehicle manufacturing facility in Seetharampur, Hyderabad, Telangana. The company declared December 31, 2025, as the Commercial Operation Date (COD) for the plant and informed stock exchanges on January 1, 2026.

Phase-I Production Capacity Details

With the start of Phase-I, the Hyderabad facility now has an annual per-shift production capacity of 2,500 electric buses. This marks 50% of the plant’s planned full capacity, which is targeted at 5,000 electric buses per annum per shift once fully operational.

The Seetharampur plant has been developed as a dedicated electric bus manufacturing unit, underlining Olectra Greentech’s focus on clean mobility and sustainable public transport solutions for the Indian market.

Strategic Importance of the Hyderabad Facility

The achievement of Phase-I capacity is a major milestone in Olectra Greentech’s expansion strategy. The facility strengthens the company’s ability to meet the rising demand for electric buses across Indian cities and state transport undertakings, supporting the country’s transition toward greener transportation.

With this development, the company is well-positioned to scale production in line with future EV bus orders, while preparing for Phase-II expansion to reach full capacity.

Communication to Lenders and Compliance

Olectra Greentech has formally communicated the commencement of commercial operations to State Bank of India (SBI), which is the lender for the manufacturing project. This step aligns with standard project financing and compliance procedures.

The official notification was signed by P. Hanuman Prasad, Vice President – Company Secretary and Legal, on behalf of the company.

Market Reaction

Following the announcement, Olectra Greentech shares closed at ₹1,204, registering a 0.42% gain, reflecting positive investor sentiment toward the company’s manufacturing expansion and long-term growth prospects in the electric mobility space.

Outlook

With Phase-I now operational, Olectra Greentech’s Hyderabad EV plant is set to play a key role in boosting domestic electric bus manufacturing, supporting sustainable urban transport, and strengthening India’s EV ecosystem in the coming years.

Also Read: Tata Motors Records 42,508 CV Sales in December 2025, Up 25% YoY

CMV360 Says

Olectra Greentech’s Phase-I operations at its Hyderabad EV manufacturing facility mark a key step in strengthening India’s electric bus ecosystem. With an annual capacity of 2,500 electric buses, the company is now better positioned to meet growing public transport demand. This milestone supports clean mobility goals, improves production readiness, and reinforces investor confidence as Olectra moves toward full-scale capacity expansion.