Olectra Targets 10,000 EVs Annually, Expands into High-Tonnage Trucks
Olectra Greentech, one of the pioneers in India's electric bus segment, wants to leverage its experience and supply chain to enter the electric, heavy duty truck market.
Olectra Greentech Ltd, a leading electric vehicle (EV) manufacturer, is expanding its production capacity with an ambitious target of 10,000 units annually within the next year or so. While its core focus remains on the electric bus segment, the company is now setting its sights on heavy-duty electric trucks, particularly in the high-tonnage and mining sectors.
Olectra’s decision to venture into the electric truck market stems from the growth opportunities in the higher tonnage category, which remains relatively less crowded. With global commercial transport shifting toward sustainable solutions, electric trucks could provide a compelling alternative to diesel-powered counterparts, particularly ...
RELATED ARTICLES
Valeo: Betting on India's Autotech Shift
India contributes just 1% of Valeo's global revenues, but the French supplier's €200 million India investment is rooted ...
From Everywhere to Somewhere: ZF's Profitability-First Reset
As ZF navigates industry disruption, portfolio rationalisation and profitability pressures, its new CEO is reshaping the...
Tenneco Bets on India as Fastest‑Growing, Most Profitable Mega Region
US auto component maker Tenneco expects India’s global revenue share to rise from 5–7% towards 10%, while exports could ...


21 Mar 2025
19666 Views
Mukul Yudhveer Singh

Ketan Thakkar