Olectra Greentech: acquired 150 Acres of land

 

• Olectra Greentech: acquired 150 Acres of land
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• 10,503 units Orders On hand  
• Primarily engaged in manufacturing of electric buses and composite polymer insulators  
• Manufacturers of the seven-meter, ninemeter and twelve-meter models of the electric buses in India  
• Future Road Map  
• Company had acquired 150 Acres of land from Telangana State Industrial Infrastructure Corporation Limited Company established a greenfield electric vehicle manufacturing plant for which 150 acres of land has been acquired 
• Company has commenced partially operations for manufacturing electric buses and other EV products in the new plant 
• Strengthening Inter city / Inter state Private Transport Segment 
• New plant has an initial Capacity of 5,000 electric vehicles per year and scalable to 10,000 electric vehicles/year  
•   Expansion into adjacent markets in the electric vehicle ecosystem and new geographies
• Leveraging technological capabilities and market-share to continue catering to the growing demand for E-Buses 
• Leverage experience in the manufacturing of EBuses and Composite Insulators to capitalize on significant market opportunities