Olectra-Evey Trans wins 350 EV bus order, becomes L-1 bidder for 300 buses ANI | Updated: Jan 29, 2021 14:12 IST
Hyderabad (Telangana) [India], January 29 (ANI/PRNewswire): 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 from Pune Mahanagar Parivahan Mahamandal Ltd for 350 electric buses under FAME-II scheme of Government of India. This order is for the supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years.
Evey Trans will procure these 350 electric buses from Olectra Greentech, which shall be delivered over a period of seven months. The maintenance of these buses shall also be undertaken by the company during the contract period.
OGL, EVEY receive order for 350 electric buses from Pune Mahanagar Parivahan Mahamandal
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Last Updated: Jan 30, 2021, 10:59 AM IST
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The order is under the FAME-II scheme (Faster Adoption and Manufacturing of Electric Vehicles) for supply of 350 electric buses on Gross Cost Contract (GCC) / OPEX model basis for a period of 12 years, it said in a press release.
Hyderabad: Megha Engineering & Infrastructures (Meil) group firm Olectra Greentech and its Evey Trans unit have won an order for 350 electric buses from Pune Mahanagar Parivahan Mahamandal. This is the third contract from Pune for the companies and the second in as many months. The latest order, valued at Rs 700 crore, is the biggest for EV buses in rupee terms till date in India.
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.
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