Olectra Greentech Boosts EV Production with New Hyderabad Plant Launch

• Olectra Greentech Limited commenced commercial operations at its new greenfield electric vehicle manufacturing facility in Sitarampur, Hyderabad.
• Phase-I of the plant, declared operational on December 31, has an annual production capacity of 2,500 electric buses per shift.
• This represents 50% of the plant's full capacity, which will reach 5,000 electric buses per shift annually.
• The new facility strengthens Olectra's manufacturing capabilities and supports its significant order book in the electric bus segment.
• The company's share closed at 1,204 rupees, up 0.42% on Thursday, despite an 18.95% decline over the past year.

Why It Matters: Olectra Greentech launched its Hyderabad EV plant, doubling production capacity for electric buses.