Olectra Greentech Limited, a leading player at India’s Electric Mobility Space, has received a major order from Himachal Road Transport Corporation (HRTC), which is valued at around ₹ 424.01 crore. The company received a letter (LOA) letter to supply and maintain 297 electric buses.
This domestic order is another milestone in Oltra’s mission to run electrification of public transport across the country. Buses will be distributed on a lump sum sale, in which Oltra is also responsible for their maintenance, providing HRTC a broad end-to-end solution.
The Olectra Greentech Limited will execute the Himachal Road Transport Corporation (HRTC) order within 11 months within 11 months from the date of the award (LOA), paving the way for the rollout of 297 electric buses in the next year. This initiative supports widespread push for India’s sustainable and environmentally friendly public transport, especially in ecological sensitive areas such as Himachal Pradesh.
In an official filing with BSE Limited and National Stock Exchange of India Limited, Oltra clarified that neither its promoters nor any group companies have any financial interest in HRTC, and the deal does not form a party transaction.
This order not only confirms Oltra’s growing leadership in the electric public mobility sector, but also contributes to the national mission to carry out carbon emissions cut and cleaner, green urban transportation.
India’s electric vehicle (EV) policy aims to cut carbon emissions, reduce oil dependence and promote permanent mobility. Major initiatives such as Fame II and Production Linked Incentive (PLI) Scheme provide financial assistance for EV adoption and local manufacturing.
Public transport is central for this strategy, with increasing changes towards electric buses and taxis to combat urban pollution. Government -backed programs and large -scale tenders are running this infection in cities like Delhi, Mumbai, Hyderabad and Bangalore.
Electric buses are becoming increasingly favorable due to low operating costs, fall in battery prices and improvement in infrastructure. India targets comprehensive public transport electrification by the end of the decade, combining its clean mobility goals.
