Olectra Greentech to Supply 300 Electric Buses Worth Rs. 500 Cr for Telangana
Telangana State Road Transport Corporation (TSRTC) will be supplied 300 electric buses worth Rs. 500 crore by Evey Trans Private Ltd. (EVEY). EVEY shall in turn procure these buses from Olectra Greentech Ltd. (OLECTRA).
EVEY has been given a Letter of Award (LoA) by TSRTC for the supply of these buses over a period of 20 months under GoI’s FAME – II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) Scheme.
These 300 electric buses will be supplied to TSRTC on a Gross Cost Contract basis for a period of 12 years. Olectra will be providing maintenance services for the duration of the contract period.