Page 2 - Olectra Byd

BYD India targets 15,000 EV sales in 2023, to expand portfolio and network

Pure play electric car maker BYD targeting a sales of 15,000 units next year is launching a new model, increasing its distribution network and expanding production capacity if needed

Olectra gets order for 100 electric buses from Assam State Transport Corp

Olectra Greentech Limited on Friday said it has received a Letter of Award from Assam State Transport Corporations for 100 electric buses. A press release from the firm said it is the first order bagged from North-Eastern states and the order is to be delivered over a period of nine months and shall be responsible for maintenance of these buses for a period of five years. The value of these 100 Buses bupply would be approximately Rs 151 crore for Olectra. K V Pradeep, Chairman and Managing Director, said, "We feel happy to get the first order from the North-Eastern states and Assam. With this order, our buses are running all the corners in India. Ours clocked over five crore kilometres on Indian roads, and reduced carbon emissions significantly.

China's BYD Auto pips Tesla to become top-selling EV brand globally

Global passenger electric vehicle sales grew 61% to reach 2.18 million units in the second quarter this year, a new report said

BYD to launch e-SUV in India; here's a list of its most sought-after models

BYD has been selling the E6 MPV in the Indian market since 2021. Since its launch last year, BYD has sold 400 units of the E6

Olectra to supply 300 electric buses worth Rs 500 crore to Telangana

Olectra Greentech Ltd (OLECTRA) will supply 300 electric buses worth Rs 500 crore to Telangana State Road Transport Corporation (TSRTC). The Megha Engineering & Infrastructure Ltd (MEIL) group company, Evey Trans Private Ltd (EVEY), has received the Letter of Award (LoA) from TSRTC for supply of 300 electric buses to TSRTC, a statement said. According to the statement, the value of this order is approximately Rs 500 crore. EVEY shall procure these buses from Olectra Greentech Ltd, which shall be delivered over a period of 20 months. The order is to supply 300 electric buses under the FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme of the government of India. These 300 e-buses will be supplied on a Gross Cost Contract (GCC)/OPEX model basis for 12 years. During the contract period, Olectra will undertake the maintenance of these buses. This transaction between OLECTRA and EVEY is to be considered related-party transactions and shall be on an arm'

Did Buffett and Munger see the one wrinkle in BYD's stellar performance?

After years of sitting on an over 20 per cent stake in China's BYD Co, Warren Buffett's Berkshire Hathaway may be mulling an exit

Stock of this car & utility vehicles company has zoomed 115% in 3 months

Shares of Olectra Greentech were locked at 5 per cent upper circuit at Rs 854.95 on the BSE on Tuesday on expectation of healthy earnings growth going forward

Chinese auto & electronics major BYD to invest Rs 2,800 cr in Tamil Nadu

State government signs MoUs worth over Rs 5,000 crore with investors

Electric buses have cut carbon emissions by up to 419 tonnes: Olectra-BYD

The company said a diesel bus typically emits an estimated 48,000 kgs of harmful gases annually