For Olectra, order book has not grown much because they’re fully blocked for the next 2 years I think. With current capacity of 2,500 e-buses expanding to 5,000 e-buses per annum at the end of the year – it will take them atleast 2 years to completely fullfil the orders. Some orders are also blocked because the STUs have not installed the infrastructure / charging stations required. A penalty of 2.2 Cr was levied on Olectra for delay in order execution for which they are in talks to waive it off.
For JBM – the management doesn’t release quarterly earnings transcripts. I’m not sure if they have quarterly calls with investors as well. The information is very limited, but their e-bus segment is doing really well. The valuations are very expensive for an entry point.
Tata does report EV numbers, you can find it in their quarterly PPT.
The future is very bright for this sector and Government schemes like PM E-drive and PM e-Bus Sewa indicate that the GoI is very serious about the electrification of public transport. So, if you’re invested in key players for the next 7-10 years – the probability of you making money is very high.
