Announced Tue, 23 Jun · 14:14 IST

Delhivery ties up with Bajaj Auto for electric last-mile fleet

DELHIVERY · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.2%1-day move

₹483.75

prior close

₹479.05

base price

In-mkt

timing

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-0.1+0.0-0.1-0.3-1.2-3.9-4.1-2.5+5.2+4.9+3.1-3.7——

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AI summary

Delhivery has partnered with Bajaj Auto to deploy electric three-wheelers across its last-mile delivery network. Phase 1 starts with 200 Bajaj RIKI eCarts flagged off at Akurdi, Pune. Phase 2 is planned for 2026-2027, totalling about 1500 electric three-wheelers across L3 and L5 categories. Rollout covers metros and Tier-2 and Tier-3 cities. Bajaj Riki C4005 offers 100+ km range, lower maintenance and better ergonomics, aiming to cut costs, raise rider earnings, improve safety, and reduce Scope 3 emissions to support Delhivery's ESG goals.

Likely market impact

Positive for cost efficiency and ESG profile. Strengthens Delhivery's last-mile network and rider welfare. No immediate material financial impact.