Olectra Greentech Limited (OGL) has reported impressive performance in Q3 FY2025, with significant growth in revenue and demand for its electric buses. Key factors driving this growth include government tenders for electric buses and policy incentives under FAME-II. The company is expanding into new segments like E-trucks and commercial EVs and strengthening partnerships with key players in the industry. Looking ahead, OGL plans to double its production capacity by FY2026 with a new plant and introduce new products like hydrogen-powered buses. Additionally, the company aims to reduce import dependency by locally producing batteries, enhancing margins. The EV market in India is expected to grow substantially, with projections indicating a significant increase in bus electrification by 2030. Despite the positive outlook, there are short-term risks such as subsidy cuts and battery raw material price fluctuations that may impact the company's performance. Overall, Olectra Greentech presents a high-growth opportunity in India's EV sector, with strong government support, a first-mover advantage, and plans for manufacturing expansion. While short-term valuation concerns and competition exist, the company is positioned well for long-term success amidst the country's burgeoning EV revolution.