Image Source: Mint
Olectra GreenTech Ltd, through its subsidiary Evey Trans, has received Letters of Award (LoAs) to supply 1,085 electric buses valued at about ₹18 billion. The order strengthens Olectra’s leadership in India’s electric mobility sector, supporting sustainable urban transport and aligning with government initiatives to reduce carbon emissions.
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Key Highlights:
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Olectra GreenTech Ltd announced that its subsidiary Evey Trans Pvt Ltd has secured LoAs for 1,085 electric buses, valued at approximately ₹18 billion.
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The buses will be deployed across multiple state transport undertakings, reinforcing India’s push toward clean and sustainable public transport solutions.
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This marks one of Olectra’s largest single orders, showcasing its growing dominance in the electric bus manufacturing segment.
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The company highlighted that the order will contribute significantly to reducing urban pollution and carbon footprint, aligning with India’s climate goals.
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Olectra’s proven track record in delivering electric buses to cities like Hyderabad, Pune, and Mumbai adds credibility to its ability to execute large-scale projects.
Contextual Insights:
The order comes at a time when India is accelerating its transition to electric mobility, supported by government incentives and rising demand for eco-friendly transport. Analysts believe this ₹18 billion deal will not only boost Olectra’s revenue pipeline but also strengthen its strategic positioning against global competitors in the EV bus market.
Sources: Olectra GreenTech Ltd Exchange Filing, BSE Announcements, Economic Times
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