Olectra Secures LOI for 1,085 Electric Buses from TGSRTC under CESL-led PM E-DRIVE Initiative

Olectra Greentech Ltd., India’s largest electric commercial vehicle manufacturer and a pioneer in advanced urban mobility solutions, has secured a Letter of Intent (LOI) from the Telangana State Road Transport Corporation (TGSRTC), issued through Evey Trans Pvt. Ltd., for 1,085 electric buses under the PM E-DRIVE initiative led by Convergence Energy Services Limited (CESL).

The order marks a major step in accelerating electric public transport adoption and will further strengthen Hyderabad’s clean, efficient and sustainable mobility ecosystem.

Olectra has firmly established itself as India’s leading electric commercial vehicle brand, consistently holding the No. 1 market share in electric buses both year-to-date and in the previous financial year. Headquartered in Hyderabad, the company has been at the forefront of India’s electric mobility transition, manufacturing not only electric buses but also electric tippers that support sustainable urban infrastructure development.

With over 3,600 electric vehicles deployed nationwide and an order book exceeding 10,000 vehicles, Olectra is building a comprehensive zero-emission mobility ecosystem. Having clocked more than 500 million green kilometres, the company combines scale, indigenous engineering, operational reliability and continuous innovation to drive India’s transition towards clean, future-ready transportation.

Mr. Mahesh Babu, Managing Director, Olectra Greentech Ltd., said, “This is a defining moment for Olectra and a significant milestone in our journey of powering India’s electric mobility transformation. Our continued commitment to the Make in India vision and to building world-class electric buses has been strongly reinforced through this prestigious order under the PM E-DRIVE programme.

We are proud to bring our advanced, reliable and indigenously developed electric mobility solutions to Telangana. Hyderabad is not just our home state, but a city that represents innovation and progress. We look forward to working closely with TGSRTC to deliver efficient, comfortable and sustainable public transportation that meets evolving citizen expectations while contributing meaningfully to India’s clean energy and net-zero ambitions.”

The buses under this order will be 12-metre low-floor models available in both air-conditioned (AC) and non-AC variants. They are indigenously designed and engineered for Indian road conditions and high-frequency urban operations. Each bus will feature advanced front and rear air suspension systems to enhance ride comfort and passenger safety.

Powered by high-capacity lithium-ion battery packs offering a range of over 250 kilometres per charge, the buses will support opportunity charging in approximately 45 minutes, ensuring high operational uptime. Dedicated wheelchair spaces will also be integrated, reinforcing Olectra’s commitment to accessibility and inclusive mobility.