Commercial Vehicle

Olectra Greentech bags BEST order


Olectra Greentech

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.

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