Evey Trans bags order for 550 electric buses from TSRTC

Evey Trans Private Limited (EVEY) has received two letter of awards (LOAs) from Telangana State Road Transport Corporation (TSRTC) for 550 electric buses consisting of 500 buses for intra-city and 50 buses for inter-city operations, respectively.

The value of these 550 buses will be around Rs 10 billion for Olectra. The orders for supply of 500 electric buses and 50 electric buses are for a period of 12 years and 10 years respectively on gross cost contract / opex model basis. EVEY will procure these buses from Olectra Greentech Limited which will be delivered over a period of 16 months. Maintenance of these buses will also be undertaken by the Olectra during the contract period.