GreenCell and VE Commercial Vehicles partner for EV-making
ECONOMY & POLICY

GreenCell and VE Commercial Vehicles partner for EV-making

GreenCell Mobility (GreenCell), a leading player in the electric mass mobility space, promoted by Eversource Capital, and VE Commercial Vehicles (VECV) signed a Memorandum of Understanding aimed at jointly participating in the rapidly evolving Indian electric vehicle (EV) market, thereby contributing to a more sustainable future.
The Memorandum of Understanding signed on 15th September 2023 between GreenCell and VECVis a pivotal step towards achieving a greener tomorrow. GreenCell and VECV share a common vision of reducing carbon emissions through the adoption of electric vehicles in the country. VECV shall be partnering with GreenCell to supply 1,000 Eicher electric buses for its inter-city business, NueGo, over the next 5 years, with both parties working together to ensure industry-leading vehicle engineering, data integration and safety features in these buses.
NueGo is already operating in over 30 cities, like Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai and Pondicherry. As the first pan-India inter-city electric tourist bus service, NueGo has quickly become a leading sustainable mobility player in the market by leveraging state-of-the-art technology and providing its tourists with a safer and greener travel option. The brand has been playing an active role in climate action through its noiseless, zero emission coaches which do not emit any tailpipe pollution.
Devndra Chawla, MD & CEO of GreenCell Mobility, expressed his enthusiasm about the partnership, stating, “In partnering with VE Commercial Vehicles to introduce 1000 e-buses, we're taking a giant leap towards realising our purpose and vision at GreenCell Mobility – a cleaner, greener future for all. This collaboration strengthens our resolve to reshape the mobility landscape and lead the charge toward sustainability.”
On the occasion of the MoU signing, Vinod Aggarwal, MD & CEO of VE Commercial Vehicles Limited, said, “I am pleased to announce this partnership with an industry leader like GreenCell Mobility. At VECV, we are not just delivering vehicles; we are delivering sustainable solutions for people and goods transportation. In this regard, VECV is well aligned with the government’s mission to accomplish Net Zero emissions before 2070. With our focus on superior uptime, backed by a strong alternate fuel program, we look forward to our partnership with GreenCell Mobility, as we jointly endeavour to de-carbonise city mobility.”
India's vision for a more sustainable future is reflected in its initiatives like "Sustainable India 2047," which aims to promote green growth and environmental stewardship. As part of this broader effort, collaborations like the one between GreenCell Mobility and VE Commercial Vehicles are crucial in reducing the environmental footprint of the automotive industry.
This MoU represents a significant milestone in the journey towards a greener and more sustainable India. Both GCM and VECV are committed to working closely to bring about positive change in the automotive industry while reducing the environmental footprint.

GreenCell Mobility (GreenCell), a leading player in the electric mass mobility space, promoted by Eversource Capital, and VE Commercial Vehicles (VECV) signed a Memorandum of Understanding aimed at jointly participating in the rapidly evolving Indian electric vehicle (EV) market, thereby contributing to a more sustainable future.The Memorandum of Understanding signed on 15th September 2023 between GreenCell and VECVis a pivotal step towards achieving a greener tomorrow. GreenCell and VECV share a common vision of reducing carbon emissions through the adoption of electric vehicles in the country. VECV shall be partnering with GreenCell to supply 1,000 Eicher electric buses for its inter-city business, NueGo, over the next 5 years, with both parties working together to ensure industry-leading vehicle engineering, data integration and safety features in these buses.NueGo is already operating in over 30 cities, like Delhi, Chandigarh, Dehradun, Agra, Jaipur, Ludhiana, Bhopal, Indore, Hyderabad, Vijayawada, Bengaluru, Tirupati, Chennai and Pondicherry. As the first pan-India inter-city electric tourist bus service, NueGo has quickly become a leading sustainable mobility player in the market by leveraging state-of-the-art technology and providing its tourists with a safer and greener travel option. The brand has been playing an active role in climate action through its noiseless, zero emission coaches which do not emit any tailpipe pollution.Devndra Chawla, MD & CEO of GreenCell Mobility, expressed his enthusiasm about the partnership, stating, “In partnering with VE Commercial Vehicles to introduce 1000 e-buses, we're taking a giant leap towards realising our purpose and vision at GreenCell Mobility – a cleaner, greener future for all. This collaboration strengthens our resolve to reshape the mobility landscape and lead the charge toward sustainability.”On the occasion of the MoU signing, Vinod Aggarwal, MD & CEO of VE Commercial Vehicles Limited, said, “I am pleased to announce this partnership with an industry leader like GreenCell Mobility. At VECV, we are not just delivering vehicles; we are delivering sustainable solutions for people and goods transportation. In this regard, VECV is well aligned with the government’s mission to accomplish Net Zero emissions before 2070. With our focus on superior uptime, backed by a strong alternate fuel program, we look forward to our partnership with GreenCell Mobility, as we jointly endeavour to de-carbonise city mobility.”India's vision for a more sustainable future is reflected in its initiatives like Sustainable India 2047, which aims to promote green growth and environmental stewardship. As part of this broader effort, collaborations like the one between GreenCell Mobility and VE Commercial Vehicles are crucial in reducing the environmental footprint of the automotive industry.This MoU represents a significant milestone in the journey towards a greener and more sustainable India. Both GCM and VECV are committed to working closely to bring about positive change in the automotive industry while reducing the environmental footprint.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?