Olectra bags order of 100 electric buses from APSRTC

#Olectra #ElectricBuses #ElectricVehicles #EMobility #APSRTC

Source: Olectra Greentech Limited

Contract is valued at approximately Rs.140 crore and the buses shall be delivered over a period of 12 months.

November 2021: Electric bus manufacturer Olectra Greentech Limited (Olectra) and Evey Trans Private Limited (EVEY) have received the letter of award from the Andhra Pradesh State Road Transport Corporation (APSRTC). The order is to supply 100 E-buses under the FAME-II scheme of the Government of India. These 100 E-buses will be supplied on a Gross Cost Contract (GCC) /OPEX model basis for 12 years. The Value of this contract is approximately Rs.140 crore. The buses shall be delivered over a period of 12 months. During the contract period, Olectra will undertake the maintenance of the buses. These buses shall be deployed at Alipiri (Tirupathi) Depot. Fifty buses will run on the Tirumala-Tirupathi Ghat, and the remaining will run in Nellore, Kadapa, and Madanapalle as intercity buses. With this new order, the total order book of Olectra is now around 1,450 buses.

KV Pradeep, Chairman and Managing Director, Olectra Greentech Limited, said, “We are sure that our 100 buses will be successful in Andhra Pradesh like in other states. Our E-buses have proved their reliability and efficiency and they are successfully running in Mumbai, Pune, Nagpur, Hyderabad, Surat, Dehradun, Silvassa, Goa, Himachal Pradesh and Kerala.”

About Olectra Greentech Limited (A Group Company of MEIL): Established in 2000, Olectra Greentech Limited (a public listed company) – part of the MEIL Group, pioneered the introduction of electric buses in India in 2015. It is also the largest manufacturer in India for silicone rubber/composite insulators for power transmission and distribution networks.