Olectra Greentech , a leading player in the electric vehicle sector, has unveiled ambitious plans to significantly ramp up its electric bus deliveries over the next few years. The company has set its sights on a substantial increase in production and delivery of its eco-friendly public transport solutions.

Near-Term Delivery Target

Olectra Greentech has announced a bold target to deliver 3,000 electric buses within the next 12 months. This short-term goal demonstrates the company's commitment to accelerating the adoption of green public transportation across India.

Long-Term Vision

Looking further ahead, Olectra Greentech is not stopping at its near-term objectives. The company has also outlined its vision for fiscal year 2026 (FY26), setting a target to deliver an additional 2,000 e-buses during that period.

Implications for Green Public Transport

The combined target of 5,000 electric buses over the next few years underscores Olectra Greentech's significant role in India's transition towards sustainable urban mobility. These e-buses are expected to contribute to reducing carbon emissions in cities and improving air quality for millions of commuters.

Industry Position

With these ambitious delivery targets, Olectra Greentech is positioning itself as a key player in India's growing electric vehicle market, particularly in the public transportation sector. The company's focus on large-scale e-bus deployments aligns with the government's push for cleaner public transport options in urban areas.

Conclusion

As Olectra Greentech gears up to meet these substantial delivery targets, the coming years will be crucial for the company. The successful execution of these plans could potentially strengthen Olectra Greentech's market position and contribute significantly to the broader adoption of electric buses in India's public transportation system.

Olectra Greentech Limited , a prominent player in the electric vehicle sector, has announced significant changes to its leadership and board structure. The company's Board of Directors has approved several key appointments and re-appointments, signaling a strategic shift in its governance.

New Managing Director Appointment

Mr. Mahesh Babu Subramanian has been appointed as the Additional Director and Managing Director of Olectra Greentech for a three-year term, effective September 27, 2025. This appointment is subject to shareholder approval. Subramanian brings over three decades of experience in the mobility sector to his new role.

Profile of Mahesh Babu Subramanian

Mr. Subramanian is a highly accomplished leader with an impressive educational background and extensive industry experience:

• Holds a Postgraduate degree in Engineering from BITS, Pilani
• Fulbright Scholar with leadership training from Carnegie Mellon University
• Alumnus of IMD, Switzerland, and Yale University, USA
• Previously served as CEO of SWITCH Mobility and Managing Director of Mahindra Electric
• Active involvement in various Electric Vehicle (EV) committees of the Indian Government, CII, and FICCI

Throughout his career, Mr. Subramanian has received several accolades, including:

• India's Greatest CEO Award for 2017-18 from Asia One
• Ambassador of the Green Planet at the G20 Impact Assessment Summit in 2023
• CEO of the Year at the Machinist Super Shopfloor Awards

Board Re-appointment and Committee Restructuring

The board has also approved the re-appointment of Mrs. Chintalapudi Laksmi Kumari as an Independent Director for a five-year term, starting January 9, 2026. Mrs. Kumari brings over 38 years of experience as a practicing advocate in various legal matters.

In addition to these appointments, Olectra Greentech has reconstituted four key board committees:

1. Audit Committee
2. Stakeholders Relationship Committee
3. Corporate Social Responsibility Committee
4. Risk Management Committee

The reconstitution of these committees, effective September 28, 2025, aims to enhance corporate governance and oversight.

Key Managerial Personnel

Following these changes, the Key Managerial Personnel (KMP) of Olectra Greentech, effective September 27, 2025, will be:

These strategic appointments and restructuring efforts demonstrate Olectra Greentech's commitment to strengthening its leadership team and corporate governance structure. As the company continues to navigate the evolving electric vehicle landscape, these changes are poised to drive its growth and innovation in the coming years.