Olectra to Deliver 297 Electric Buses to HRTC: Order Worth ₹424 Cr
Latest Electric Bus News: Olectra has won a Letter of Award to deliver 297 electric buses to HRTC. Valued at ₹424.01 crore, it is one of the largest single-state electric bus procurements under the outright purchase model.
Indian electric bus manufacturer Olectra Greentech received a letter of award to supply 297 electric buses to the Himachal Road Transport Corporation on April 9, 2025.
The order is valued at ₹424.01 crore and is touted to be one of the largest single-state electric bus procurements under the outright purchase model.
The 9-meter, non-AC buses have been specially designed to navigate the high-altitude, hilly terrains of Himachal Pradesh.
These buses can accommodate 30 passengers in a seating 2+2 layout and offer a range of 180 km in a single charge.
The buses will be delivered over a period of 11 months from the date of the LoA.
Sharing his enthusiasm, KV Pradeep, Chairman & Managing Director of Olectra Greentech stated:
“We are delighted to receive India’s first and largest outright order for electric buses. It is truly a proud moment for us and a testament to the trust placed in Olectra’s capabilities,”
The company reported a strong performance in Q3 FY25, with its consolidated net profit soaring by 71.68% to ₹46.32 crore, driven by a 50.62% surge in revenue, which reached ₹515.36 crore compared to the same quarter last year.
Olectra Greentech bags Rs. 424 Cr Order for 297 non-AC, electric buses from HRTC. Valued at ₹424.01 crore, it is one of the largest single-state electric bus procurements under the outright purchase model.#GoldPrice #TamannaahBhatia महावीर जयंती जैन धर्म Rayudu pic.twitter.com/0yjVaGM7XJ
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