The EV manufacturer plans to move beyond buses and strengthen its position in the growing e-truck market, with 6 launches planned from Q4 onwards.

Olectra Greentech is targeting a 30 per cent revenue from electric trucks (e-trucks) business by FY30, as the electric vehicle (EV) manufacturer plans to move beyond buses and strengthen its position in the growing truck market. The electric-first company has planned six new launches each for trucks and buses over the next six quarters, the company’s top executive told ETAuto. "We are planning to launch about 6 bus variants and 6 truck variants from Q4 onwards till next 6 quarters…At least we will have almost 30% of the revenue coming from trucks by FY30,” said Mahesh Babu, Managing Director of Olectra Greentech. Advt

The company has earmarked investment of around ₹450 crore for the next 18 months in the development of its new bus and truck platforms, which will support multiple products. 12 crore, while delivering 401 EVs during the same period. That makes its total dispatches in the first half of the financial year to 759 units. It is targeting more than 1,000 vehicle deliveries in the second half of the financial year to move closer to its annual guidance of 2,000 vehicles. Olectra currently runs on an annual manufacturing capacity of 5,000 e-buses and is adding another 1,200 units of capacity for trucks, which it plans to take to more than 10,000 units by the decade end. “By 2030, our intention is to have this capacity increased to 10,000+(in both, trucks and buses) in total,” he added.

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