Olectra Greentech Plans New-Generation Electric Buses by March 2027 Amid 8,000-Order Backlog

State transport corporations and private fleet operators evaluating commercial electric vehicle transitions face an expanding roster of options. Olectra Greentech has confirmed it will roll out a brand-new generation of electric buses during the fourth quarter of FY27—placing the commercial arrival between January and March 2027.

Speaking alongside the company’s quarterly financial disclosures, Managing Director Mahesh Babu outlined a twin-track mandate: building deeper local supply chains while readying an assault on international markets. Yet the Hyderabad-based manufacturer faces an immediate operational bottleneck. Its pending order book currently stands at more than 8,000 electric buses—nearly double its entire historical delivery record of 4,750 vehicles.

“Building on this momentum, we are preparing to introduce our new generation Olectra electric buses, developed with a strong focus on localisation and designed for both domestic and international markets,” Babu said. The company has withheld specific battery capacities, platform architecture, range figures, and capex allocations for the incoming lineup.

Delivery Run-Rate Clashes With Soaring Backlog

During the July–September quarter, Olectra dispatched 401 electric commercial vehicles. That marks a 7% uptick from the 375 units handed over during the identical quarter last year. First-half deliveries reached 759 vehicles across the country. Across municipal corporations, intercity routes, and corporate loops, the company's operational fleet has now clocked past 750 million cumulative kilometres spanning 55 Indian cities.

Execution velocity remains the deciding factor for transit authorities awaiting deliveries. While deliveries creep forward at single-digit quarterly gains, the 8,000-unit backlog requires a sharper manufacturing ramp-up at its plants.

Operating discipline cushioned the bottom line even as top-line revenue posted a modest 5% rise to ₹687.01 crore. Operating profit jumped 18% to ₹109.88 crore, lifting margins to 16% on tighter factory floor management. Profit after tax edged up 5% to ₹52.12 crore.

For prospective fleet buyers, Olectra's immediate priority remains burning through state transport tenders before inaugurating the new platform by March 2027.