Latest news with #VinodAggarwal
Time of India
3 days ago
- Business
- Time of India
VECV targets 70% renewable energy use by FY27
VE Commercial Vehicles ( VECV ), the parent company of Eicher Trucks and Buses , marked World Environment Day by reaffirming its commitment to India's Net Zero targets. The company announced a series of measures aligned with sustainable manufacturing and cleaner mobility. VECV said its new range of zero-emission commercial vehicles under the Pro Planet Pro Business banner is already operational across India. These include alternate fuel solutions based on LNG, CNG and electric powertrains. The recently launched EV-first Eicher Pro X small truck is targeted at mid- and last-mile delivery applications. Electric buses from Eicher have been in operation since 2022 in multiple Indian states. Sustainability in manufacturing The company's Bhopal plant, which began operations in 2020, is built on Industry 4.0 principles and features AI-powered real-time energy monitoring. It also has an all-women final assembly line for the Eicher Pro X, which the company says is a first in the commercial vehicle industry. VECV aims to achieve 70% renewable energy usage in plant operations by FY27 and become water positive by 2030. As part of this initiative, a new water body with a capacity of 52 million litres has been created at the Bhopal facility, reportedly enough to sustain the plant's operations for four months. The company has also switched to 100% LED lighting across its sites, replacing around 5,000 conventional fixtures. As a result, energy intensity has reduced from 3.85 GJ/MINR in FY23 to 3.74 GJ/MINR in FY24. Vinod Aggarwal, MD and CEO, VECV, said, 'In line with India's Net Zero vision defined by Honourable Prime Minister Sh. Narendra Modi ji, VECV is committed to delivering future-ready mobility solutions—from electric, LNG and CNG trucks and buses to emerging technologies like hydrogen and fuel cells—as the market matures.' He added that the company's investments in smart manufacturing, renewable energy and responsible resource management reflect a broader commitment to sustainable growth. VECV says its ongoing initiatives support multiple United Nations Sustainable Development Goals (SDGs), particularly those related to clean water, affordable clean energy, responsible consumption and climate action.
Time of India
14-05-2025
- Automotive
- Time of India
GreenCell Mobility wins order for over 1,200 electric buses under PM e-Bus Sewa scheme
GreenCell Mobility has secured a Letter of Award (LoA) for the supply and deployment of more than 1,200 electric buses under the PM e-Bus Sewa scheme. The order includes 472 Eicher electric buses for use across six cities in Madhya Pradesh and 750 buses to be supplied in partnership with EKA Mobility across 11 cities in Andhra Pradesh. In Madhya Pradesh, GreenCell will work alongside VE Commercial Vehicles (VECV) , while the Andhra Pradesh deployment will be carried out in collaboration with Pinnacle Mobility Solutions (EKA Mobility). GreenCell Mobility, backed by Eversource Capital, stated that it is also setting up the required charging infrastructure to support these operations. The company already operates 900 electric buses in Uttar Pradesh, Gujarat, and Maharashtra. Industry collaboration and government support Devndra Chawla , MD & CEO, GreenCell Mobility, said, 'GreenCell Mobility is honoured to collaborate with the Governments of Andhra Pradesh and Madhya Pradesh to support the state's transition to sustainable public transport. These projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities—while delivering a safe, reliable, and superior guest experience.' Vinod Aggarwal , MD & CEO of VE Commercial Vehicles, added, 'We are delighted to take the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM E-Bus Sewa Scheme. These buses are built on reliable technology and have already clocked 1.4 crore kms across India. It is a matter of pride for us that these buses will operate in the state of Madhya Pradesh which has been home to Eicher Trucks and Buses for over four decades.' The PM e-Bus Sewa scheme aims to deploy 10,000 electric buses across India. In FY25, Convergence Energy Services Limited (CESL) issued a tender for 4,588 buses under this scheme. The electric buses offered by GreenCell Mobility include features such as a driving range of over 250 kilometres per charge, fast charging, AI-based energy management, CCTV surveillance, real-time tracking, air suspension, low noise levels, and advanced safety systems, the company said.
Time of India
14-05-2025
- Automotive
- Time of India
GreenCell to deploy 1,222 e-buses in MP, Andhra under PM E-Bus Sewa Scheme
New Delhi: GreenCell Mobility has received the Letter of Award (LoA) for the supply and deployment of 472 Eicher electric buses in Madhya Pradesh under the PM E-Bus Sewa Scheme . In addition, the company has been selected to deploy 750 electric buses across 11 cities in Andhra Pradesh in partnership with Pinnacle Mobility Solutions (EKA Mobility), bringing the total order to 1,222 buses. For the Madhya Pradesh project, GreenCell Mobility has partnered with VE Commercial Vehicles (VECV) to introduce electric buses in six cities across the state. In Andhra Pradesh, GreenCell will work with EKA Mobility for the supply and deployment of the 750 buses. GreenCell Mobility is backed by Eversource Capital and currently operates 900 electric buses across Uttar Pradesh, Gujarat, and Maharashtra. With the new projects, the company will expand its footprint to Madhya Pradesh and Andhra Pradesh. The company is also developing the required charging infrastructure for these deployments. Commenting on the development, Devndra Chawla, MD & CEO, GreenCell Mobility, said, 'GreenCell Mobility is honored to collaborate with the Governments of Andhra Pradesh and Madhya Pradesh to support the state's transition to sustainable public transport . These projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities—while delivering a safe, reliable, and superior guest experience.' Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, 'We are delighted to take the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM E-Bus Seva Scheme. These buses are built on reliable technology and have already clocked 1.4 crore kms across India. It is a matter of pride for us that these buses will operate in the state of Madhya Pradesh which has been home to Eicher Trucks and Buses for over four decades. We thank the Government of Madhya Pradesh and GreenCell Mobility for partnering with us to introduce eco-friendly public transportation.' Dr. Sudhir Mehta, Founder & Chairman of EKA Mobility & Pinnacle Industries Limited, said, 'We are proud to partner with the Government of Andhra Pradesh and collaborate with GreenCell Mobility to deliver green, smart, and efficient transportation solutions for the people of the state. This partnership marks a significant step toward building smarter, more sustainable cities across India.' The PM E-Bus Sewa Scheme is part of the central government's plan to deploy 10,000 electric buses across the country. In FY 2024-25, Convergence Energy Services Limited (CESL) floated a tender for 4,588 electric buses under the scheme.
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Business Standard
14-05-2025
- Automotive
- Business Standard
GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP
Eversource Capital-backed electric mobility firm GreenCell Mobility on Wednesday said it has received the Letter of Award (LOA) for the supply and deployment of 472 e-buses in Madhya Pradesh under the PM e-Bus Sewa Scheme. The company said it has partnered with VE Commercial Vehicles (VECV) to deploy electric buses across six cities in Madhya Pradesh. Additionally, the company said it has also joined hands with EKA Mobility for the supply and deployment of 750 e-buses across 11 cities in Andhra Pradesh. PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport. In FY 2024-25, CESL (Convergence Energy Services Ltd) introduced a tender for 4,588 electric buses under the PM e-Bus Sewa scheme, according to GreenCell Mobility. The company already has some 900 e-buses operational in UP, Gujarat and Maharashtra. These new contracts will see GreenCell Mobility expand its electric bus operations across Madhya Pradesh and Andhra Pradesh, the company said. "These two projects are a major milestone in our mission to transform mass mobility through zero-emission electric buses. Backed by strategic partnerships with leading OEMs and a robust financing model, we are committed to making clean, efficient public transportation accessible throughout India's growing cities," said Devndra Chawla, MD & CEO, GreenCell Mobility. In addition, the company said it is also actively developing and deploying the necessary charging infrastructure to support these deployments. "We are taking the next step with GreenCell Mobility by introducing Eicher electric buses in their operations under the PM e-Bus Seva Scheme," said Vinod Aggarwal, MD and CEO at VE Commercial Vehicles.
