Olectra Greentech, a manufacturer of electric buses, has received a letter of award (LoA) for 50 e-buses from one of the state transport authorities for inter-city operations under the Central government’s FAME-II Scheme.
These buses are to be delivered in 12 months. Out of the tenders where Olectra Greentech and Evey Trans (EVEY) were declared as the lowest (L1) bidders for 353 buses; for 50 electric buses, EVEY has received a letter of award from one of the state transport authorities (i.e for inter-city operations) under FAME-II Scheme.
Evey Trans is a subsidiary of Olectra Greentech. This order for the supply of 50 e-buses is on gross cost contract (GCC)/ OPEX model basis (i.e for Inter-city operations) is for a period of 12 years.
The maintenance of these buses will also be undertaken by Olectra during the contract period. The value of this contract is about Rs 125 crore.
With this, the total order book of Olectra for electric buses stands at around 1,523 e-buses after considering the deliveries already made
