Olectra-Evey Trans receives LoA from PMPML for 350 electric buses worth Rs 700 cr
Hyderabad, Jan 29 (UNI) Electric mobility leader and pioneer in electric bus manufacturing, Olectra Greentech Limited (OGL) and Evey Trans Private Limited (EVEY) has received the Letter of Award (LoA) from Pune Mahanagar Parivahan Mahamandal Limited (PMPML) for 350 electric buses worth Rs 700 crore under FAME-II scheme of the Government of India.
They also become the Least Quoted (L-i) bidders for 300 electric buses from Bangalore Metropolitan Transport Corporation (BMTC).
This order is for the supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years, OGL, a part of Megha Engineering & Infrastructures Limited (MEIL), headquartered in Hyderabad, which, pioneered the introduction of electric buses in India in 2015, said in a release here on Friday.
Pune Mahanagar Parivahan Mahamandal Orders 150 Electric Buses From Olectra-Evey Trans Dec 30, 2020, 16:04 IST
HYDERABAD, 30th Dec: Electric mobility leader and pioneer in electric bus manufacturing Olectra Greentech and Evey Trans Private Limited (EVEY) has received the letter of award from Pune Mahanagar Parivahan Mahamandal Ltd. for 150 electric buses under FAME-II scheme of Government of India. The order is for the supply of 150 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period in the range of 10-12 years (Contract period).
Evey Trans will procure these 150 electric buses from Olectra Greentech, which shall be delivered over a period of 12 months. The maintenance of these buses shall also be undertaken by the company during the contract period.
December 30, 2020
Olectra Greentech bus - The Hindu×
Total order book for 900 electric buses
Olectra Greentech Limited and Evey Trans Private Limited (Evey) have received a letter of award from Pune Mahanagar Parivahan Mahamandal Ltd for supply of 150 electric buses under FAME-II scheme of Government.
The order is for the supply of 150 electric buses on Gross Cost Contract (GCC)/OPEX model basis for a contract period of 10-12 years.
Evey Trans will procure these 150 electric buses from Olectra Greentech to be delivered over 12 months. The maintenance of these buses shall also be undertaken by the company during the contract period.
With this new order, Olectra Greentech has a total order book of over 900 electric buses. This 150 bus order is a part of recently announced L-1 bidder for 353 buses.