Announced Tue, 1 Sept, 2026 · 08:55 IST
Ravindra Energy associate signs MoU for 500 electric heavy trucks rollout
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₹159.00
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₹161.00
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AI summary
Associate firm Energy In Motion (EIM) has signed a strategic MoU with Oil Field Warehouse and Services (OWS) and Radiance Green Mobility to deploy 500 electric heavy commercial vehicles across key freight corridors. Initial rollout of 50 vehicles will begin on the Mumbai-Pune route from October 2026, scaling across Mumbai-Delhi and Mundra-Morbi-Ahmedabad corridors. EIM will provide its Ashwa 55-ton electric tractor platform and battery-swapping network.
Likely market impact
Indirect positive for Ravindra Energy via associate EIM's expansion into EV freight; revenue contribution may take time as rollout scales.