Olectra Greentech Targets 2,500 E-Bus Deliveries In FY27! Can Execution Pick Up Pace? | ET Now
ET Now · 11 Nov 2026 · 8 min
Management interview of Olectra Greentech Ltd (OLECTRA), with 12 key numbers discussed.
- Mahesh Babu Subramaniam, Managing Director, Olectra Greentech
Olectra Greentech reported its highest quarterly top-line in Q2 FY27, delivering over 400 vehicles and increasing EBITDA margins by 1.5 percentage points. The company plans to ramp up deliveries to 500-600 units in Q3 and 700-800 in Q4, targeting 2,000-2,500 buses in FY27 and 3,500-4,000 units annually in FY28-FY29. Its current order book stands at about 8,000 buses, to be executed over 18-24 months. Olectra is also investing Rs 450 cr in next-generation bus and truck platforms, which are expected to expand EBITDA margins by around 2% starting Q4.