Olectra Greentech shares fell nearly 5% after the Maharashtra government cancelled an order for 5,150 electric buses due to delivery failures. The 100 billion rupee order, awarded in July 2023, is now in question, with Olectra yet to comment.

• Maharashtra cancelled a massive electric bus order.
• Olectra’s stock price dropped 4.6% today.
• Delivery delays are cited as the reason for cancellation.