Mumbai, Feb. 24 -- Olectra Greentech has received a Letter of Intent (LOI) from the Telangana State Road Transport Corporation (TGSRTC) for the supply of 1,085 electric buses. The order, facilitated through Evey Trans, is part of the PM E-DRIVE initiative led by Convergence Energy Services (CESL).

The company currently holds the largest market share in the Indian electric bus segment. With over 3,600 e-buses deployed and an order book surpassing 10,000 units, Olectra has recorded more than 500 million kilometres of operations across India.

The buses for TGSRTC will be 12-metre, low-floor vehicles, available in air-conditioned and non-air-conditioned variants. The units are engineered for local road conditions and urban frequency.

The e...