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Delhivery Signs MoUs to Deploy Up to 2,000 Electric Commercial Vehicles
Sentiment: NeutralHigh Priority
What Happened?
Delhivery Ltd has signed agreements with Tata Motors, Euler Motors, and Montra Electric to deploy 1,500-2,000 electric vehicles in its logistics network over the next 12-18 months. This initiative aims to increase the share of electric vehicles in its fleet significantly.
Key points
- Delhivery plans to deploy 1,500-2,000 electric vehicles in its intra-city logistics network.
- The initiative is part of a broader goal to have 5,000 electric vehicles on the road within three years.
- Electric vehicles currently represent about 12-13% of Delhivery's intra-city fleet.
- The company aims to increase this share to over 50% in the next two to three years.
- Delhivery is piloting charging infrastructure in Delhi-NCR to support electric vehicle adoption.
- The first vehicle to be deployed will be Euler Motors' Turbo City Plus for smaller applications.
Key insights
- The shift to electric vehicles may enhance Delhivery's operational efficiency and reduce costs in the long term.
- Partnerships with established manufacturers like Tata Motors and Euler Motors could strengthen Delhivery's market position.
- The deployment of electric vehicles aligns with global trends towards sustainability in logistics.
Why it matters
This initiative could significantly reduce the environmental impact of Delhivery's logistics operations.
Tags
Entities
Delhivery Ltd· CompanyTata Motors· CompanyEuler Motors· CompanyMontra Electric· CompanyDelhi-NCR· Location
Source
Business Standard
