Olectra’s technical partnership with Reliance Industries is expected to accelerate the development of hydrogen-powered buses and offer the next-generation transport system to the Indian market. The fact that the hydrogen bus will be launched commercially within a year is also promising, as it suggests that the technology is ready for deployment and could potentially become a viable solution for public transport in the near future. Olectra Greentech’s stock price surged more than 17 percent 24 after the company announced its partnership with Reliance Industries to develop hydrogen buses.
Olectra’s technical partnership with Reliance Industries is expected to accelerate the development of hydrogen-powered buses and offer the next-generation transport system to the Indian market. The fact that the hydrogen bus will be launched commercially within a year is also promising, as it suggests that the technology is ready for deployment and could potentially become a viable solution for public transport in the near future. Olectra Greentech’s stock price surged more than 17 percent 24 after the company announced its partnership with Reliance Industries to develop hydrogen buses.
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