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Olectra-BYD to invest Rs 700 cr for electric buses in Uttarakhand

Press Trust of India  |  New Delhi 

manufacturer Olectra-Thursday said it has signed an agreement with to deploy 500 AC Electric Buses in the state with an investment of Rs 700 crore.

As per the pact, based Olectra in a strategic tie-up with China's Auto Industry will deploy the Made in India' eBuzz K7 (9 meter) and eBuzz K9 (12 meter) electric buses in the state.

Olectra-has started trial run for one month between Dehradun to Mussoorie and the charging infrastructure has been installed at Dehradun, the company said in a statement.

The bus offers state-of-the-art technologies like CCTV camera, navigation, panic button and many more to ensure the safety of passengers, it said.

The impetus given to electric vehicles manufacturing and tax benefits to the manufacturers as well as buyers in the EV Policy, showcase the state government's vision and commitment to conserve the environment, Executive Director N said.

The lithium-ion (Li-ion) battery installed in the bus enables it to travel up to 250 km in a single charge.

The MoU was signed between Uttarakhand Corporation MD Brijesh Kumar Sant and Executive Director N in the presence of Uttarakhand

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 15:10 IST