Olectra Targets 10,000 EVs Annually, Expands into High-Tonnage Trucks

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 ...