Olectra-Evey Trans bags 150 EV bus order

Hyderabad: Electric bus manufacturing firm Olectra Greentech and Evey Trans Private Limited (EVEY) received the letter of award from Pune Mahanagar Parivahan Mahamandal Ltd for 150 electric buses under FAME-II scheme of Indian government. The order is for the supply of 150 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period in the range of 10-12 years (Contract period).

Evey Trans will procure these 150 electric buses from Olectra Greentech, which will be delivered over a period of 12 months. The maintenance of these buses shall also be undertaken by the company during the contract period.

With this new order, the total electric buses to be delivered by Olectra Greentech Limited (OGL) against above and earlier orders are over 900 buses. These 150 buses order is a part of recently announced L-1 bidder for 353 buses (disclosed on 16th December).

"We are happy to announce that, we have bagged 150 electric buses of 12 meters from Pune Mahanagar Parivahan Mahamandal (PMPL). OGL/EVEY is already operating 150 buses in Pune and with this new order, the fleet size will be 300 Electric buses, which is highest in the country. This is the proud moment for both OGL &EVEY Trans" said Sharat Chandra, CEO and CFO, Olectra Greentech Limited.