Olectra Greentech | JM Financial expects Olectra Greentech to re-rate to higher levels considering the strong long-term potential and a near-term ramp-up in volumes. Delayed clearances for big ticket projects, payment delays and labour shortage leading to execution in slowdown and slower-than-anticipated awarding especially from the government are key risks. JM Financial has a price target of ₹2,200 on Olectra Greentech.
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CNBC TV1801-01-2026, 20:03

Olectra Greentech Starts EV Production at Hyderabad Plant, Boosts Capacity

  • Olectra Greentech commenced commercial operations of Phase I at its Hyderabad EV manufacturing facility.
  • The facility, located in Seetharampur, Hyderabad, Telangana, began operations on December 31.
  • Phase I has an annual per-shift production capacity of 2,500 electric buses, 50% of the planned full capacity.
  • This move strengthens Olectra Greentech's manufacturing capabilities and supports its growing order book for electric buses.
  • The new plant underscores the company's focus on scaling domestic EV production and meeting demand for sustainable transport.

Why It Matters: Olectra Greentech boosts EV manufacturing with new Hyderabad plant, enhancing production capacity.

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