Olectra Greentech bags BEST order
Ltd (Olectra) is back in the STU game. It has been able to overcome a technical requirement failure in the past to bag a record 2,100 bus orders from BEST,” as per a company statement. Evey
Trans Private Ltd. (EVEY) received the Letter of Award (LoA) from BEST as a confirmation. EVEY shall procure these 2,100 e-buses directly or through its Special Purpose Vehicle (SPV) - Olectra. The company will supply the e-buses on a Gross Cost Contract (GCC) or Opex basis for 12 years and is expected to deliver these over the next year. Olectra shall undertake maintenance of these buses for the duration of the contract. “Running the largest electric bus fleet in India’s financial capital is a matter of pride. We will deliver the buses as per the schedule and will give the best commuting experience to the citizens of Mumbai,” K V Pradeep, Chairman and Managing Director, Olectra Greentech Ltd. mentioned.