Olectra gets MSRTC order for 100 luxury e-buses
Total order book swells to 1,550 electric buses; New plant with a capacity of 10,000 EVs expected to commence production in FY23
image for illustrative purpose
The plant can also manufacture trucks, three-wheelers, LCVs and MCVs. It is one of its kind manufacturing facilities in India
Hyderabad: Olectra Greentech Ltd, a part of MEIL and India's leading electric mobility company, bagged a Rs250-crore worth order from the Maharashtra State Road Transport Corporation (MSRTC) for supplying 100 electric luxury buses. Olectra will deliver the 100 e-buses within 10 months, said the company in a release.
"These buses will run between Mumbai and Pune. Olectra and Evey Trans consortium received a Letter of Award (LoA) from MSRTC on Tuesday. The bus order is valued at approximately Rs.250crore. These buses are to be delivered in the coming 10 months. With this new order, the total order book of Olectra is around 1,550 electric buses," said Olectra. Olectra recorded the growth because of the supply of 18 electric buses in Q2 against the seven buses in Q2 2020.
The company is building a State-of-the-art electric vehicle (EV) manufacturing unit in the suburbs of Hyderabad. The Telangana State Industrial Infrastructure Corporation Limited (TSIIC) allotted 150 acres to Olectra Greentech.
The plant will be fully automated and will manufacture 10,000 electric buses of various models per year. The plant can also manufacture trucks, three-wheelers, LCVs and MCVs. It is one of its kind manufacturing facilities in India. Production will commence in FY 2022-23, it added.
