Olectra Greentech and EV Trans released a statement that it has secured a large order from the Maharashtra State Road Transport Corporation (MSRTC). As part of the order, it has to supply one hundred electric luxury buses and the value of this order is around Rs.250 crores.
On Tuesday, KV Pradeep, CMD, Olectra Greentech, said that he had received a letter of award from MSRTC. The company will supply these buses in the next ten months.
The electric vehicle (EV) plant to be set up near Hyderabad is expected to start production in the next financial year (2022-23). The plant will be built with a capacity to produce 10,000 electric buses annually. It manufactures buses as well as electric trucks, tricycles and commercial vehicles.