Eastman Auto signs ₹50 cr battery supply deal with Vande Bharat e-vehicles
(EAPL) has entered into an agreement with
Vande Bharat e-vehicles
(Sahanianand E-Vehicles Pvt Ltd) to supply lithium-ion batteries worth ₹50 crore annually. The batteries will be used in electric three-wheelers manufactured by Vande Bharat.
The two companies signed a Memorandum of Understanding (MoU) to collaborate on deploying lithium-ion battery technology, with a focus on supporting the growth of electric three-wheelers used by commercial drivers and fleet operators across India.
Eastman
, a supplier of energy storage solutions, aims to expand its presence in the electric three-wheeler segment through the partnership. The agreement is also expected to support battery leasing models, a growing trend aimed at reducing upfront costs for EV users.
Focus on adoption and infrastructure
Shekhar Singal, Managing Director of Eastman Auto & Power Ltd, said, 'This partnership marks a significant milestone for Eastman as we join forces with Vande Bharat E-Vehicles to accelerate the growth of electric mobility in India. Our cutting-edge lithium-ion battery technology, combined with their large fleet of
E-Rickshaws
, will play a pivotal role in making sustainable transportation a reality for millions.'
Sumit Anand, Director, Vande Bharat E-Vehicles, said, 'We are thrilled to partner with Eastman in this transformative collaboration. Our mission is to provide reliable, cost-effective, and sustainable mobility solutions. This MoU is a critical step forward as we work together to empower drivers, enable greener logistics, and bring India closer to its net-zero goals.'
The collaboration is positioned to support India's broader electric mobility goals and clean energy initiatives, with both firms stating a commitment to scalable and environmentally responsible transport solutions.
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