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.

In a potential move that could significantly impact the bus manufacturing sector, the Indian government is considering granting a six-month extension for manufacturers to import fully assembled motors containing rare earth materials. This development is particularly relevant for companies like Olectra Greentech , a key player in the electric bus manufacturing industry.

Potential Import Timeline Extension

The proposed extension would affect the timeline for bus manufacturers to import specialized motor components that incorporate rare earth materials. These materials are crucial for the production of high-performance electric motors used in modern buses, especially those in the electric vehicle (EV) segment.

Implications for Olectra Greentech and the Industry

Olectra Greentech, known for its focus on electric buses, could be among the beneficiaries of this potential policy shift. The extension, if implemented, would provide manufacturers with additional time to:

• Secure supply chains for these critical components
• Potentially develop alternative sourcing strategies
• Adjust their manufacturing processes to align with evolving regulations

Government's Stance on Rare Earth Materials

This consideration by the government underscores the ongoing challenges in the global supply chain for rare earth materials. These elements are essential for various high-tech applications, including electric vehicle motors. The potential extension reflects a balance between promoting domestic manufacturing capabilities and ensuring the continued growth of the electric vehicle sector in India.

Industry Outlook

The bus manufacturing industry, particularly the electric bus segment, is likely to closely monitor these developments. An extension could provide breathing room for companies to adapt their strategies while continuing to meet the growing demand for electric buses in India's public transportation sector.

As the situation evolves, stakeholders will be watching for official announcements from the government regarding the final decision on this extension and its specific terms.