### **Overview** Olectra Greentech Limited (OGL) is a leading Indian electric mobility and composite infrastructure solutions company, established in 2000. A part of the MEIL Group, the company has evolved into a pioneer in sustainable transportation and high-voltage insulation systems. Positioned at the forefront of India’s clean energy transition, Olectra operates across two core business verticals: 1. **Electric Vehicles (E-Buses & E-Trucks)** 2. **Composite Polymer Insulators** With over eight years of experience in electric mobility and a proven track record since its first ARAI-homologated e-bus in 2017, Olectra has emerged as one of India’s largest OEMs in the e-bus segment and a first-mover in heavy-duty electric commercial vehicles. --- ### **Key Highlights (As of Aug 2025)** #### 🚍 **Electric Mobility Leadership** - **Fleet Deployment:** Over **2,668 electric buses** deployed across multiple Indian states and smart cities, serving public transport (STUs), corporate clients, and municipal bodies. - **Market Presence:** Operational fleet of over 1,695 buses (as of Mar 2024) with more than **200 million kilometers** traveled cumulatively, contributing significantly to decarbonization. - **Product Range:** - 7m, 7.6m (luxury), 9m, and 12m electric buses - Intercity and inter-state luxury coach variants - Staff and school bus solutions for private-sector demand - **Technological Edge:** First OEM in India to launch **9m and 12m e-buses with BYD’s Blade Battery Technology**, offering: - Up to **500 km range** per charge - Enhanced **thermal safety**, **faster charging**, and **longer battery life** (5,000+ charge cycles) - Higher energy density and improved total cost of ownership (TCO) #### ⚙️ **Expansion into Commercial EVs** - **E-Tipper (28-ton, 6x4 model):** - India’s **first certified heavy-duty electric tipper**, developed in-house and CMVR-approved. - Commercial production underway; targeted at infrastructure, mining, and construction sectors. - Offers significant **OPEX savings** and **zero-emission** site operations. - **E-Tractor-Trailer (55-ton GCV):** - Under testing for long-haul freight transport. - Designed for applications in cement, steel, and bulk logistics. - **Hydrogen Fuel Cell Bus Prototype:** Developed in collaboration with **Reliance Industries**, featuring: - 400+ km range - 15-minute refueling time - Operational in extreme temperatures (–20°C to +85°C) - Currently in validation phase #### 🏭 **Manufacturing & Capacity Expansion** - **Greenfield EV Manufacturing Facility:** - **150-acre plant** in **Seetharampur, Telangana**, acquired from TSIIC. - Partially operational as of Aug 2025; full-scale operations expected soon. - Initial capacity: **5,000 EVs/year**, scalable to **10,000 units/year**. - Will produce e-buses, e-tippers, e-tractors, and future EV platforms. - **Hyderabad Plant (Existing):** Currently supports EV production and insulator manufacturing. #### 🔋 **Strategic R&D & Localization** - **BYD Partnership Renewed (2030):** Deepened alliance to integrate Blade Battery technology; increasing localization of key components: - Battery pack assembly - HVDB (High-Voltage Distribution Boxes) - Motors and power electronics - **Indigenous Innovation:** - In-house design of 9m city bus **ladder chassis** compliant with Indian road standards. - Full localization of electric tipper using domestic suppliers. - Development of **FRP-based products** (GFRP manholes, battery covers, rebars, portable restrooms) for infrastructure and EV sectors. - **Sustainability Focus:** - Developing **domestic lithium-iron phosphate (LFP) battery recycling** ecosystem. - Commitment to **Make in India** and reduced reliance on global supply chains. #### 📈 **Growth Strategy & Market Opportunity** - **Target Segments:** - **State Transport Undertakings (STUs):** Expanding footprint in rural and semi-urban areas. - **Private & Institutional Clients:** Microsoft, municipal corporations, airports (TARMAC), and corporates seeking ESG-aligned staff transport. - **Major Orders Secured:** - **5,150-bus order from MSRTC** – one of the largest single contracts in India. - 3,108 buses under **Gross Cost Contract (GCC)**, including via Evey Trans (Olectra’s operational arm). - Legal victory at Supreme Court in **BEST tender (2,100 e-buses)** strengthens GCC model credibility. - **Market Position:** Held **28% retail market share** in India’s e-bus segment as of Sep 2022 (ICRA). - **Addressable Market:** With only **6 e-buses per million people** in India vs. global average of 85, the market remains vastly underpenetrated, indicating massive growth potential. #### 🔌 **Composite Insulator Business** - **Core Strength:** One of India’s **largest manufacturers** of high-voltage composite polymer insulators. - **Applications:** Used in power transmission, renewable energy corridors, substations, coastal, and high-pollution environments. - **Advantages over Ceramic:** - Lightweight, UV-resistant, anti-corrosion, lower breakage risk, minimal maintenance. - Growing shift from capital cost to **Total Cost of Ownership (TCO)** basis. - **New Product Development:** - **Composite Hollow Core Insulators** for substation use – superior mechanical and electrical performance. - Technical collaborations with global leaders for advanced design and quality. - **Exports:** Strengthened presence in **Africa (Niger, Mozambique, Malawi, Tunisia)** and **South Asia (Nepal)**; established sales in the **USA** and ASEAN. - **Growth Drivers:** Government programs like **Green Energy Corridor Phase-II** and **RDSS**, rising private sector adoption. --- ### **Leadership & Vision** Under the leadership of **Chairman & Managing Director K.V. Pradeep**, Olectra has achieved exponential growth in its order book and production scale over the past three years. The company's vision is to be the **flagship Indian OEM driving zero-emission mobility and sustainable infrastructure** through indigenous innovation and global partnerships. --- ### **Financial Snapshot (As of Nov 2023)** | Business Segment | Revenue (₹ Crore) | |------------------------|-------------------| | E-Bus Division | 64,978.26 | | E-Truck Division* | 7,736.34 | | **Total** | **72,714.60** | *E-Truck division launched commercially in Q4 FY23 with sale of electric tippers.