Olectra Future Road Map and Financial Snapshot
Penetration of e-buses on a steady rise aided by Government support
Trend in fully electric bus sales in India
1,400
1,200
1,000
800
600
Status of e-buses under FAME II as of October 11, 2022
7%
6%
4%
6%
Sanctioned
5%
4%
6,740
3%
2%
Deployed
2,517
1%
2%
400
0%
0%
0%
200
1%
0%
Yet to
be deployed
0
-1%
FY2017
FY2018 FY2019 FY2020
FY2021
FY2022
H1
FY2023
E-Bus Sales (Units)
E-Bus Penetration (%)
4,223
Olectra
(in Units)
| E-Bus Sales in H1FY2023 (Units)
Supported by various Government measures, e-bus penetration in India has picked up
over the past two years, albeit the overall industry volumes for buses also contracted
during the pandemic period
90%+
Tenders awarded for
intra-city operations
80%+
Tenders awarded for
9-metre buses
Steady progress towards achieving FAME II targets has been made over the past one
year; the scheme was also extended by two years till March 2024
10 Source: ICRA ReportView entire presentation