Olectra Greentech Ltd, a prominent Indian electric vehicle (EV) manufacturer, is expanding its production capacity with a target of 10,000 units annually. The company, known for its electric buses, is now venturing into the high-tonnage electric truck market, particularly focusing on sectors like mining. This strategic expansion is driven by the growth opportunities in heavy-duty electric trucks and the evolving landscape of sustainable transportation solutions globally. Olectra is committed to electric mobility and is venturing into hydrogen fuel cell initiatives through a separate entity. While initially collaborating with Reliance on a fuel cell bus project, Olectra is now independently developing hydrogen-powered buses. Although a clear timeline for commercialization is not yet defined, the company continues its research and development efforts in this area. Moreover, Olectra is also aiming to capitalize on the demand for energy storage solutions by positioning itself in the market for large-scale battery energy storage systems. With a focus on grid stabilization projects by state governments and power utilities, the company sees an opportunity to expand into infrastructure solutions beyond vehicle manufacturing. This move demonstrates the company's flexibility and strategic vision to participate in tenders wherever opportunities arise.