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Olectra-Evey Trans receives LoA from PMPML for 350 electric buses worth Rs 700 cr

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.

Bangalore , Karnataka , India , Hyderabad , Andhra-pradesh , Pune , Maharashtra , Olectra-greentech , Sharat-chandra , Mahanagar-parivahan-mahamandal , Megha-engineering-infrastructures-limited , Bangalore-metropolitan-transport-corporation