By MT Bureau| Jan 04, 2022

Olectra Greentech Recieves LoA For 50 E-Buses

Leading electric bus manufacturer Olectra Greentech has announced that it has received a Letter of Award (LoA) for 50 e-buses from one of the state transport authorities for inter-city operations under the FAME-II scheme of the central government.  

As per the contract, valued at around INR 125 crore, Olectra will deliver the buses in 12 months, the company said in a regulatory filing.  

“The total order book of Olectra for electric buses is around 1,523,” the statement added. (MT)   

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