Olectra Greentech and Evey Trans (EVEY) have received the letter of award from Pune Mahanagar Parivahan Mahamandal for 150 electric buses under FAME-II scheme of Government of India. The order is for the supply of 150 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period in the range of 10-12 years (Contract period).
EVEY Trans will procure these 150 electric buses from Olectra Greentech, which shall be delivered over a period of 12 months. The maintenance of these buses shall also be undertaken by the company during the contract period.
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
