Olectra to launch new-generation electric buses in Q4 FY27
Autocar Professional, 11 Nov '26
Olectra Greentech plans to launch a new generation of electric buses in the fourth quarter of FY27, Managing Director Mahesh Babu has confirmed.
The Hyderabad-based manufacturer is developing the new buses with an emphasis on localisation and intends to cater to both domestic and international markets.
The announcement was made alongside the company's financial results for the July-September 2026 quarter. Olectra reported an 18% year-on-year increase in EBITDA.
"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 buses are scheduled to be launched between January and March 2027. Olectra has not disclosed their technical specifications or the overseas markets it intends to enter. The company has also not provided details of the investment required to develop the new range.
The proposed launch comes as Olectra continues to fulfil its existing electric bus orders, making the pace of production and deliveries important to the company's future performance. Its electric buses have covered more than 750 million kilometres across India, with operations spanning 55 cities.
Olectra reported revenue of Rs. 6.87 billion (US$ 73 million) during the September quarter, representing a 5% increase from Rs. 6.56 billion in the corresponding quarter a year earlier. EBITDA increased by 18% to Rs. 1.09 billion from Rs. 930.1 million, while profit after tax rose by 5% to Rs. 521.2 million.
The EBITDA margin improved to approximately 16%, compared with 14.2% in the corresponding quarter last year. Profit before tax increased by 6% to Rs. 727.4 million.
"The 18% growth in EBITDA is particularly encouraging, reflecting our focus on operational efficiency and building a stronger foundation for the future," Babu said.
Olectra stated that it would continue to focus on fulfilling existing orders, improving operational efficiency and expanding its capabilities. The new-generation buses are expected to be introduced before the end of the current financial year, although the company has not announced a specific launch date.
