Telangana: Olectra to launch next-generation electric buses in Q4 FY27

Hyderabad, Nov 9 (UNI) Electric vehicle manufacturer Olectra Greentech Limited (OGL), a MEIL Group company, will launch its next-generation electric buses in the fourth quarter of the current financial year, its Managing Director Mahesh Babu said on Monday. The new models are being developed with a focus on localisation and will cater to domestic as well as international markets, he said in a statement. Olectra reported an 18 per cent increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 109.89 crore in the second quarter of FY27. The company's revenue rose 5 per cent to Rs 687.01…