Olectra Greentech Wins Rs 427 Cr E-Bus Order In Himachal Pradesh

Hyderabad-based Electric vehicle maker Olectra Greentech bagged an Rs 427 crore order for 297 non-air-conditioned electric buses. The company told in a regulatory filing that it secured the project from the Himachal Road Transport Corporation (HRTC).

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Olectra Greentechsaid it has received a Letter of Award from Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 non-air-conditioned electric buses. The ₹424.01 crore ($50.9 million) order will be executed on an outright sale basis, the Hyderabad-based electric vehicle maker said in a regulatory filing. The buses are expected to be delivered within 11 months from the date of the award.

Himachal Pradesh

Himachal Pradesh Cabinet has made a conscious effort to scale electric vehicle adoption in the recent past. For instance,  last year, the Himachal Pradesh government approved involving private players to expand the EV charging station network along the state’s six green corridors. It was highlighted that 77 EV charging stations are already operational on these corridors.

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In its latest budget, in pursuit of boosting sustainable transport, the Himachal Pradesh government in its budget extended support to build electric vehicle (EV) charging stations. It plans to make them operational at 80 petrol pumps and set up additional charging stations at 41 locations along the Green Corridor under a public-private partnership (PPP) model. An additional 500 e-buses will be procured.

The minister emphasized that greenhouse gas emissions from the transport sector account for approximately 16–20% of the state’s total emissions. To address this, the government is promoting e-buses in HRTC’s fleet, establishing charging stations on identified national highways, and introducing subsidies for e-taxis. The use of e-vehicles in government departments has already begun.