Olectra Greentech has received letters of award for deployment of 555 electric buses from eight cities/state transport authorities under the FAME-II scheme of Government of India through Evey Trans Private Limited.
Olectra and EVEY are under common control of MEIL Holdings Limited. These orders are on Gross Cost Contract/OPEX model basis for a period of 10-12 years. With these, the number of total electric buses to be delivered by OGL has crossed 700, it said.