Sarnaik stated on his social media account on “x,” Without specifically mentioning olectra, that the company had been inactive registered regard Take steps to terminate the agreement.
This decision was made on monday evening following a meeting at the Maharashtra State Road Transport Corporation (MSRTC) Headquarters, as per reports.
The minister also mentated that a new timeline was provided to olectra for delivery Future Deliveries.
“As a result, the decision was made to terminate the tender agreement with the company,” The minister stated on “X.”
Nonetheless, it’s important to highlight that Olectra Greentech has Yet to release any official statements Regarding the cancellation of the order.
As per a report by PTI, Eveytrans Pvt Ltd, A Subsidiya of Olectra Greentech, was Contracted in May 2022 to Deliver 2,100 Electric Buses to the Brihanmumbai Electricity Supply and Transport Undertaking (best) using a wet lease model over the course of a year.
The company representative informed pti that to date, 536 buses have been supplied to best.
In the wet lease model, private companies not only provide drivers to run the buses but also take responsibility for their upkeep, which means not have the best not have the buses outright.
Notably, even thought Olectra Greentech has not met the required delivery targets, it receiving another continuous in April 2024 for the supply of an added 2,400 Electric service, as peri report.
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