A Hyderabad-based manufacturer is looking to expand into its domestic and international markets with its new line of electric buses. Olectra Greentech will be launching a new generation of electric buses in Q4FY27, stated Mahesh Babu, Managing Director, Olectra Greentech. The manufacturer is working on this new line of buses and has prioritised localising its components. This will help Olectra reduce its reliance on imports, improve cost efficiency and create a more resilient supply chain. The company will be launching its new line of buses for both the domestic and select international markets. In addition to this, the company announced this news as they released their results for the July-Sept 2026 quarter. The company’s EBITDA grew 18% YoY demonstrating improvement in operations and absorbing fixed costs with growing volumes. The company now has an order book of over 8000 electric buses. Cumulatively, Olectra have now delivered over 4750 electric vehicles.
“Building on this momentum, we are preparing to introduce our new generation Olectra electric buses, developed with a strong focus on localisation and designed for both domestic and international markets,” said Babu. The new line of buses will see improvements to the battery, design and efficiency of the buses. This will come from the knowledge gained from operating the current fleet. By localising more parts, Olectra hope to reduce their delivery times, manage costs better and meet localisation requirements asked by many state transport undertakings.
With demand for electric buses continuing to grow in India due to government incentives, tighter emission standards and cleaner urban transport, Olectra having such a large order book shows operators have confidence in the company to supply and support large fleets. However, by designing the new generation of buses to be exported shows the company’s intention to expand beyond just the domestic market and compete internationally.
As the company aims to launch their new line of buses in the last quarter of FY27, they will be keen to deliver large amounts of buses and successfully launch their new upgraded models. With a growing installed base, improving financials and product roadmap, Olectra will be one of the more prominent companies in the electric bus sector in India.