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Time of India
3 days ago
- Automotive
- Time of India
EV maker Olectra Greentech Q4 PAT up 39%
Electric vehicles (EV) manufacturer Olectra Greentech Limited (OGL), part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax ( PAT ) for the fourth quarter, at ₹20.69 crore compared to ₹14.89 crore in the corresponding quarter of the previous fiscal year. This was on a 55% rise in revenue for Q4FY25 at ₹448.92 crore. The company attributed the surge in revenue to a 67% jump in deliveries during the quarter at 219 EVs as against 131 EVs delivered during Q4FY24 . The company has delivered 2,718 EVs to date and has orders of 10,022 buses on hand. Till March 31, the company clocked a 77% jump in PAT at ₹139 crore from ₹78.65 crore in FY24. This was on a 56% rise in revenues at ₹1802 crore in FY25. Olectra Greentech Limited chairman & managing director KV Pradeep said the company continues to focus on increasing its manufacturing capacities and enhancing technology capabilities, as part of which the company unveiled the Blade Battery technology at the Bharat Mobility Global Expo 2025. "With its cutting-edge design and exceptional energy density, the Blade Battery promises not only longer ranges but also faster charging time, enhancing performance, safety, and reliability," he said.
Time of India
3 days ago
- Automotive
- Time of India
EV maker Olectra Greentech Q4 PAT up 39%
Hyderabad: Electric vehicles (EV) manufacturer Olectra Greentech Limited (OGL), part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax (PAT) for the fourth quarter, at Rs 20.69 crore compared to Rs 14.89 crore in the corresponding quarter of the previous fiscal year. This was on a 55% rise in revenue for Q4FY25 at Rs 448.92 crore. The company attributed the surge in revenue to a 67% jump in deliveries during the quarter at 219 EVs as against 131 EVs delivered during Q4FY24. The company has delivered 2,718 EVs to date and has orders of 10,022 buses on hand. Till March 31, the company clocked a 77% jump in PAT at Rs 139 crore from Rs 78.65 crore in FY24. This was on a 56% rise in revenues at Rs 1802 crore in FY25. Olectra Greentech Limited chairman & managing director KV Pradeep said the company continues to focus on increasing its manufacturing capacities and enhancing technology capabilities, as part of which the company unveiled the Blade Battery technology at the Bharat Mobility Global Expo 2025. "With its cutting-edge design and exceptional energy density, the Blade Battery promises not only longer ranges but also faster charging time, enhancing performance, safety, and reliability," he said.
Time of India
26-05-2025
- Automotive
- Time of India
EV maker Olectra Greentech posts 39% jump in Q4FY24 PAT
EV maker Olectra Greentech posts 39% jump in Q4FY24 PAT HYDERABAD: Electric vehicles (EV) manufacturer Olectra Greentech Limited (OGL), which is a part of the Megha Engineering & Infrastructures group, posted a 39% jump in profit after tax (PAT) for the fourth quarter ended March 31, 2025, at Rs 20.69 crore compared to Rs 14.89 crore in the corresponding quarter of the previous fiscal year. This was on a 55% rise in revenue for Q4FY25 at Rs 448.92 crore. The company attributed the surge in revenue to a 67% jump in deliveries during the quarter at 219 EVs as against 131 EVs delivered during Q4FY24. The company has delivered 2,718 EVs to date and has orders of 10,022 buses on hand. For the year ended March 31, 2025, the company clocked a 77% jump in PAT at Rs 139 crore from Rs 78.65 crore in FY24. This was on a 56% rise in revenues at Rs 1802 crore in FY25. Olectra Greentech Limited Chairman & Managing Director KV Pradeep said the company continues to focus on increasing its manufacturing capacities and enhancing technology capabilities, as part of which the company unveiled the Blade Battery technology at the Bharat Mobility Global Expo 2025. "With its cutting-edge design and exceptional energy density, the Blade Battery promises not only longer ranges but also faster charging time, enhancing performance, safety, and reliability," he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Arabian Post
22-05-2025
- Automotive
- Arabian Post
BYD Surpasses Tesla in European EV Sales Amid Market Shifts
Chinese automaker BYD has overtaken Tesla in European battery electric vehicle registrations for the first time, marking a significant shift in the continent's competitive electric vehicle market. In April 2025, BYD registered 7,231 BEVs across Europe, narrowly surpassing Tesla's 7,165 units, according to data from market research firm JATO Dynamics. This milestone underscores BYD's rapid expansion beyond its initial European markets of Norway and the Netherlands, where it began operations in late 2022. The company's aggressive growth strategy has seen it penetrate major markets such as Germany and the United Kingdom, where it reported substantial year-on-year increases in sales. In Germany, BYD's sales surged by over 750% compared to April 2024, reaching 1,566 units, while Tesla's sales in the country fell by 46% to 855 vehicles. Similarly, in the UK, BYD sold 2,511 vehicles in April, significantly outpacing Tesla's 512 units. BYD's success is attributed to its diverse product lineup, including both fully electric and plug-in hybrid vehicles, and its commitment to affordability. The company has introduced models like the Dolphin Surf, a low-cost electric vehicle priced under £20,000, aimed at attracting budget-conscious consumers. Additionally, BYD's proprietary Blade Battery technology, known for its safety and efficiency, has enhanced the appeal of its vehicles. ADVERTISEMENT In contrast, Tesla is facing challenges in maintaining its market share in Europe. The company's European sales have declined, with a nearly 50% drop in April and a 30% decrease in the first quarter of 2025. Analysts cite factors such as an aging product lineup, production delays related to the redesigned Model Y, and CEO Elon Musk's controversial political affiliations, including support for Germany's far-right AfD party, as contributing to the decline. These issues have led to reputational concerns, prompting some corporate clients, like Denmark's largest construction company Tscherning, to return their Tesla fleets. Despite the European Union imposing additional tariffs on Chinese electric vehicles, BYD's sales have continued to grow. Chinese brands, including BYD, saw a 59% year-on-year increase in BEV registrations in Europe in April, outpacing the 26% growth of European, Japanese, South Korean, and U.S. brands. This growth is partly due to BYD's strategic focus on hybrid vehicles, which are not subject to the new tariffs, allowing the company to maintain competitive pricing. Looking ahead, market research firm Counterpoint Research predicts that BYD will surpass Tesla as the global leader in BEV sales in 2025, capturing a 15.7% market share. This projection is based on BYD's technological advancements, such as its ultra-fast charging system capable of delivering 400 km of range in just five minutes, and its vertically integrated production model, which enhances operational efficiency. Tesla's response to these challenges includes plans to introduce more affordable versions of the Model Y and a renewed focus on its core automotive business. However, the company faces increasing competition from both established European automakers and emerging Chinese brands, which are rapidly expanding their presence in the global electric vehicle market.
NZ Autocar
21-05-2025
- Automotive
- NZ Autocar
BYD says its new PHEVs will outperform range extenders
BYD is priming a range of new plug-in hybrids with around 200km of electric-only range. They will also be capable of rapid charging at speeds of more than 150kW. And they're coming within the next 12 to 24 months, badged as DM-i variants. Long range PHEVs are becoming the next big thing in China which seems committed to exporting its popular sellers. To date, not many PHEVs can exceed even 100km of EV range. In the UK, for example, the most range offered by any PHEV is Volkswagen's Golf eHybrid. That manages 141km while the best from BYD is 123km. And that is offered by the Seal U (Sealion 6 here) which can be charged at only 18kW. BYD's executive vice-president, Stella Li, says: 'Our target is really to have people in daily use using the EV [mode], but then if they want long distance, given a chance to charge, they have the freedom to go to anything.' The current DM-i system combines BYD's Blade Battery technology with a petrol engine designed specifically for PHEV use. BYD says it offers particularly high levels of thermal efficiency. The firm also reckons 'PHEV has become the new battleground' for manufacturers. That's 'because everybody is shooting for a revision of the so-called green deal that will open up markets beyond 2035'. And the company states: 'we truly don't see anybody having technology close to the DM-i'. A spokesperson said: 'If you have just 35-45km of range as an EV, you're fundamentally an internal combustion engine with a plug,' he said. 'That's the reason why a lot of manufacturers are now trying to come closer to our plug-in hybrid technology with the range-extender.' Others looking to profit from improved PHEV performance include Ford, Leapmotor, Lotus and Volkswagen. But range-extender (REx) cars are increasingly popular in China. They feature an on-board energy generator in the form of a small petrol combustion engine. Read the NZ Autocar review of BYD's Sealion 6 Premium. Leapmotor's overseas head recently said that REx cars are a 'good interim solution' for Europe and better than PHEVs. That's because the propulsion is always handled by an electric motor. And that means that 'the engine is always operating in the most efficient way'. However, BYD counters, saying that PHEVs are 'definitely superior' than REx cars. That's because 'you can have three different ways of using the car; it's your decision, depending on how much power you need from the engine, [whereas] the REx is always behaving in one way'.
