Olectra Greentech: India's Tesla Version..!
Interest in electric vehicles has increased in india as well as in the rest of the world. In the same vein, the federal government has been increasingly supporting electric vehicles to achieve its climate change goal.
As a result, all the automobile companies in the indian electric vehicle industry india are investing heavily, with only one company registering the largest growth, almost equivalent to Tesla's start-up growth in the United States.
Olectra Greentech is a Hyderabad-based company headquartered in Olectra Greentech, India's leading electric bus maker. Electric buses account for about 40 percent of the total electric bus sales in India.
As a result, all the automobile companies in the indian electric vehicle industry india are investing heavily, with only one company registering the largest growth, almost equivalent to Tesla's start-up growth in the United States.
Olectra Greentech is a Hyderabad-based company headquartered in Olectra Greentech, India's leading electric bus maker. Electric buses account for about 40 percent of the total electric bus sales in India.
China's BYD Olectra Greentech has set up its electric bus plant in india in partnership with China's largest automobile company BYD. Electric bus use is high in China, with BYD being the largest electric bus manufacturer and sales company in China.
540 percent growth Olectra Greentech has given its investors the highest return in the past one year. Shares of Electra Greentech have grown by 540 percent in the past year, which would have raised its value to Rs 67,000 if it had invested Rs 10,000 in the company.
000 Electric Buses In december 2020, Electra Greentech built an electric bus manufacturing plant in hyderabad on an area of 150 acres at an investment of about Rs 600 crore, producing 10,000 electric buses a year.
The company is currently in the process of procuring and manufacturing orders for 2000 electric buses, with a total value of Rs 3,000 to Rs 3,500 crore.
Electra Greentech Project Following this, Electra Greentech is currently applying for tenders for 6000 buses. It is noteworthy that it has embarked on a project to produce electric trucks beyond electric buses. BYD is a very important factor in the growth of the company.