Tata Motors PV's Q2 net loss at ₹5,531 cr as JLR restructuring costs bite
The Tata Group company reported a second-quarter consolidated loss of ₹5,531 crore ($587.48 million) compared to a profit of ₹76,170 crore in the year-ago period
Delhivery has teamed up with Tata Motors, Euler Motors, and Montra Electric to introduce 1,500-2,000 four-wheeler electric commercial vehicles (eCVs) in its intra-city logistics network within the next 12-18 months. The agreements with the three EV manufacturers are part of Delhivery's strategy to deploy nearly 5,000 eCVs in operation within three years.
The collaboration with Tata Motors will feature the Tata Intra EV, while Euler Motors' Turbo City Plus will be the first vehicle for smaller commercial applications, with larger electric vehicles joining the fleet later for heavier-duty tasks. Montra Electric's involvement aims to broaden EVIATOR deployment across India. The electric fleet expansion focuses on Delhivery's intra-city vehicles running under 200 km a day, a sector where electric vehicles now compete with diesel in terms of total cost of ownership.
This deployment will cover various small commercial vehicle segments, starting with urban deliveries and progressing to higher-capacity electric commercial vehicles for operations requiring larger payloads. Currently, eCVs make up 12-13% of Delhivery's eligible intra-city fleet, and the company aims to increase this to 50% within two to three years.
The company also plans to fully electrify its sub-200 km fleet in four to five years by making significant investments in vendor pre-payments, charging, and parking infrastructure. Delhivery's COO for In City Operations, Prashant Gazipur, stated that partnering with Tata Motors, Euler Motors, and Montra Electric will expand the electric fleet across vehicle categories, with the company piloting charging facilities to make EV adoption more accessible and cost-effective for vendor partners.
The company is also piloting charging infrastructure at its facilities in Delhi-NCR, offering low-cost charging and free parking to encourage wider EV adoption.
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