Olectra Greentech Secures Major Order for 1,085 Electric Buses in Hyderabad
In a significant development for India's electric vehicle sector, Olectra Greentech, a subsidiary of the Megha Engineering & Infrastructures group, announced on Monday that it has received a Letter of Intent (LOI) from the Telangana State Road Transport Corporation (TGSRTC). This LOI pertains to the supply and deployment of 1,085 electric buses in Hyderabad, marking a substantial step forward in the city's transition to sustainable public transportation.
Order Details and Strategic Context
The LOI was issued by TGSRTC through Evey Trans, operating under the PM E-DRIVE initiative spearheaded by Convergence Energy Services (CESL). This initiative is a key component of the government's efforts to accelerate the adoption of electric public transport across Indian cities, aiming to reduce carbon emissions and promote clean energy solutions. The order underscores the growing momentum behind electric mobility in urban centers, with Hyderabad emerging as a focal point for such advancements.
Bus Specifications and Features
The electric buses for this order will be 12-metre low-floor models, available in both air-conditioned and non-air-conditioned variants. These vehicles are specifically designed to withstand Indian road conditions and support high-frequency urban operations, ensuring reliability and efficiency in daily transit. Key features include:
- Advanced Suspension Systems: Equipped with front and rear air suspension for enhanced passenger comfort and vehicle stability.
- High-Capacity Battery Packs: Powered by lithium-ion batteries that offer a range of over 250 kilometres per charge, making them suitable for extensive daily routes.
- Rapid Charging Capability: Featuring opportunity charging technology that allows for recharging in approximately 45 minutes during the day, minimizing downtime and maximizing operational efficiency.
- Accessibility Features: Includes dedicated wheelchair accommodation to ensure inclusive and accessible public transportation for all commuters.
Company's Market Position and Impact
Headquartered in Hyderabad, Olectra Greentech stated that this order reinforces its leading position in India's electric bus market. The company has already deployed over 3,600 electric vehicles across the country and maintains an order book exceeding 10,000 vehicles, highlighting its robust growth and commitment to electric mobility. This new contract with TGSRTC is expected to further solidify Olectra's footprint in the region and contribute to its expansion strategy.
Leadership Insights and Future Goals
Mahesh Babu, Managing Director of Olectra Greentech, emphasized that this order represents a milestone for the company's electric mobility expansion in Telangana. He noted that it aligns seamlessly with the Make in India vision, promoting domestic manufacturing and technological innovation. Babu added that Olectra will collaborate closely with TGSRTC to deliver efficient and sustainable public transportation solutions, supporting broader clean energy initiatives and contributing to net-zero emission goals. This partnership is poised to enhance Hyderabad's public transit infrastructure while advancing environmental sustainability.
