On February 3, 2026, Olectra Greentech announced that it does not foresee major supply‑chain constraints and can ramp up its current plant throughput without significant fresh capex until about 5,000 electric vehicles per year, with near‑term cost increases largely limited to variable items such as labour, power, and
On January 1, 2026, Olectra Greentech Limited announced that it had commenced Phase I commercial operations at its greenfield electric vehicle (EV) manufacturing facility at Seetharampur, Hyderabad, Telangana, the company has declared December 31, 2025, as the Commercial Operation Date (COD) for the plant and has com
On December 18, 2025, Olectra Greentech Limited reported a delay in completing the full factory construction of its Greenfield EV Manufacturing Facility at the Industrial Park, Seetharampur, Hyderabad, Telangana, following which Telangana Industrial Infrastructure Corporation Limited (TSIIC) levied a penalty of about
On December 9, Olectra Greentech Limited and MEIL (Megha Engineering & Infrastructures Ltd.) participated in the Telangana Rising Global Summit 2025. MEIL Group indicated its plans to invest around INR 80 billion over the next three to five years across various projects, including electric mobility. As Telangana roll
In an investor update, Olectra Greentech Limited updated that its new Greenfield plant is now partially operational, currently operating at a single-shift capacity of 2,500 electric vehicles per year. This output can be scaled up to 5,000 units with the implementation of a second shift.
On the technology front, Olec
On August 13, Olectra Greentech Limited announced during an investor update that its advanced blade battery technology is nearing commercial deployment, with homologation expected to be completed in August. Limited commercial production of blade battery-equipped buses will begin in Q3 FY 2026, ending in December.
The
On April 9, Olectra Greentech Limited announced that it has received a letter of award (LOA) from the Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 electric buses. The order has been awarded on an outright sale basis, with deliveries scheduled over a period of 11 months from the dat
In an investor update, Olectra Greentech Limited announced that it is ramping up its manufacturing capacity to meet a large order book of over 10,200 electric buses. For FY 2024-25, Olectra is targeting the delivery of 1,200 buses, with a conservative target of 2,500 buses for FY 2025-26. The company is also working
On January 21, the Chief Minister of Maharashtra signed multiple Memoranda of Understanding (MoUs) with various companies, including JSW Group, Olectra EV, and Ceat Ltd. These agreements were finalized during the World Economic Forum 2025, held in Davos, Switzerland.
The JSW Group announced the investment of INR 3,00
On October 7, Olectra Greentech announced that it had emerged as the lowest bidder for the supply of 327 electric buses to Himachal Pradesh's HRTC. The tender includes 297 nine-meter buses and 30 twelve-meter buses, which will be purchased outright. Olectra and Switch Mobility were technically qualified, with Olectra
In an investor update, Olectra Greentech revealed its plans to enhance production capabilities and technological advancements. The company aims to scale its production capacity to 5,000 units by the end of this financial year, with further scalability to 10,000 units by the next financial year. This expansion is inte
On July 20, Olectra Greentech Limited announced the acquisition of 2,600 equity shares (representing a 26% stake) of INR 10 each in "EVEY TRANS (MAH) PRIVATE LIMITED." This acquisition is part of Olectra's contract dated February 22, 2024, which involves the procurement of 2,400 electric buses from Brihan Mumbai Elec
On May 6, Olectra Greentech announced that construction of its new state-of-the-art plant is progressing rapidly, with partial production already underway at the Seetharampur facility. The trial production began in February, and it is now transitioning to the new plant while addressing initial challenges. By the end
On April 2, Olectra Greentech Limited announced that it has extended the term of its present cooperation agreement for the manufacturing and maintenance of electric buses with BYD Auto Industry (BYD). The companies share business synergies to address technological advancement and develop electric buses to meet custom
On February 22, the consortium of Olectra Greentech Limited and Evey Trans Private Limited (EVEY) received a letter of award (LOA) from Brihan Mumbai Electric Supply & Transport Undertaking (BEST / Authority) for supply, operation, and maintenance of 2,400 electric buses on gross cost contract basis costing around IN
On December 7, Olectra Greentech Limited announced that it received a letter of award (LOA) from Vasai Virar City Municipal Corporation, Mumbai for the supply and maintenance of 40 electric buses. This order for the supply of 40 Electric Buses is on an outright sale basis and shall be delivered over 7 months. The tot
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