Only JBM is leading in bus category.
Interestingly PMI numbers also down by 37%.
I hope this year Olectra numbers will be good as 1st phase of expansion is about to complete and 2nd phase will also get completed in the Q2FY25
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Wrote a short update on the Q4 results - here
Disclosure: Invested, looking to exit at current valuations.
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I think they may not hit the target of 300 buses in Q2, but most probably will end up ~ 200.
Per Vahan, there has been registration of 270 vehicles from Olectra. That’s 90% of the target for Q2 achieved.
I would be happy with the current 90% of the target achieved. That would be a big step up from the past. Hope things would improve from hereon.
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Good to see that this month registrations are ever highest.
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Anyone has bus registration data for Q1 2024 for Olectra?
As per previous concall they had assured of 500 buses to be delivered in H1, so Q1 = 150, Q2 = ~200. H1 total 350. So they have been under delivering as per their promise again this quarter. Not sure why is market not reacting to this repeated under delivery against forecast.
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Thats good. You have visibility where they closed Q1?
Per the Q1FY25 transcript, they delivered 156 E-buses. No tippers were delivered in Q1FY25.
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