Olectra Greentech Limited has commenced Phase-I commercial operations at its greenfield electric vehicle manufacturing facility at Sitarampur, Hyderabad, Telangana, marking an important milestone in the company’s expansion strategy. The company declared commercial operation date (COD) for Phase-I as December 31, 2025 and notified the stock exchanges on January 1, 2026.
Phase-I operations bring an annual per-shift production capacity of 2,500 electric buses, which is 50% of the plant’s planned per-shift capacity of 5,000 buses per year. The Sitarampur facility has been developed as a dedicated electric bus manufacturing unit, underscoring Oletra Greentech’s focus on sustainable and clean mobility solutions for public transport.
As part of the standard project financing procedures, the company has formally informed the State Bank of India (SBI), which is the lender for the project, about the commencement of commercial operations.
The disclosure was signed by P. Hanuman Prasad, Vice President – Company Secretary & Legal, on behalf of Olectra Greentech Limited.
With Phase-I now operational, the Hyderabad facility is set to significantly scale up Oletra Greentech’s manufacturing capabilities in the electric vehicle sector, particularly in electric bus production for the Indian market, supporting the growing demand for zero-emission public transport solutions.