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Category: Sustainable Transport

  • UltraTech Deploys 45 Electric Heavy-Duty Trucks for Clinker Transportation in Northern India

    UltraTech Deploys 45 Electric Heavy-Duty Trucks for Clinker Transportation in Northern India

    UltraTech Cement Limited, the world’s largest cement company by sales volume and capacity, excluding China, has commenced deployment of 45 electric heavy-duty trucks in partnership with Energy In Motion (EIM).

    The fleet will transport clinker from Kotputli Cement Works, UltraTech’s integrated manufacturing unit in Rajasthan, to its grinding units, Dadri Cement Works and Sikandarabad Cement Works, located in the Delhi-NCR region, over a 250-kilometre lead distance, traversing the states of Rajasthan, Haryana, and Uttar Pradesh. The deployment of these 45 electric trucks further strengthens UltraTech’s existing fleet of over 750 green trucks.

    This deployment follows the signing of a transport service contract between UltraTech, EIM and a logistics service provider. The deployment is among the largest of its kind in the cement sector in northern India and marks a significant step in establishing the viability of long-haul electric heavy-duty trucking in the country.

    The fleet, comprising 45 electric trucks, each of 55-tonne capacity, is projected to reduce over 8,900 tons of CO2 emissions annually, displacing the equivalent of about 2.9 million litres of diesel per year. The initiative supports India’s push towards zero-emission commercial transportation, a priority articulated by the Government of India across its EV and logistics policy frameworks.

    Speaking on the development, K C Jhanwar, Managing Director, UltraTech Cement Limited, said, “India’s ambition for clean, energy-secure transportation demands industry action, and UltraTech is committed to being at the forefront. This deployment reflects our belief that decarbonizing logistics is as strategic as decarbonizing production. By shifting long-haul clinker movement to electric, we are aligning with the country’s stated objective to reduce dependence on imported fossil fuels, while building a supply chain that is resilient, responsible, and future-ready.”

    UltraTech has been a pioneer in advancing sustainable transport in the cement sector. The company was among the first in India to introduce ‘Green Logistics’, deploying CNG trucks in 2021, LNG trucks in 2022, and electric trucks in 2024. The Company continues to partner closely with its logistics providers to transition from diesel to cleaner fuels. As of FY26, UltraTech operates 638 CNG trucks, 32 LNG trucks, and 89 electric trucks across its various manufacturing units.

  • JBM Ecolife Secures INR 750 Crore Investment from Motilal Oswal Alternates to Accelerate Electric Bus Expansion

    JBM Ecolife Secures INR 750 Crore Investment from Motilal Oswal Alternates to Accelerate Electric Bus Expansion

    JBM ECOLIFE Mobility, part of JBM Auto, leading electric bus manufacturer and market leader in India, has secured an INR 750 Cr long-term strategic investment from Motilal Oswal Alternates (MO Alternates), the alternative investment arm of Motilal Oswal Group. MO Alternates is leading this investment, providing growth capital to scale JBM Ecolife’s electric bus deployment and advance sustainable public transit infrastructure across India.

    The transaction represents a core milestone for MO Alternates’ sustainability-focused investment allocation, mirroring scaled global private equity models by backing dominant green mobility platforms. The growth capital will enable the operation and rolling deployment of advanced, zero-emission public transport fleets operating under long-term agreements with state transport authorities across key Indian cities.

    This is the largest ever investment by any Indian investor to date in electric mobility. EY acted as the exclusive financial advisor to JBM Ecolife, while Trilegal and Khaitan and Co. were the legal advisors for this transaction. This capital infusion will be channelised towards the rollout of state-of-the-art, high-capacity, energy-efficient e-buses, providing alternative transit options that help replace traditional diesel fleets, reduce urban air pollution and align with India’s long-term net-zero targets.

    Nishant Arya, Vice Chairman and MD, JBM Auto, said, “We are delighted to partner with Motilal Oswal as we enter our next phase of transformative growth at JBM Ecolife. With our market leadership in the electric bus market in India in FY26, this strategic partnership will act as a major catalyst towards further scaling our e-bus deployment to various states, delivering cleaner air and modernised public commuting experiences across urban centres”.

    “India is currently the third-largest electric bus market in the world, undergoing a historic shift in public transport infrastructure toward electrification. From the current ~3400 JBM e-buses deployed pan India, we will have ~5000 e-buses on roads in the next 12 months. Our proven integration of fleet management systems with advanced engineering uniquely positions us to lead this transition with enhanced agility and scale”, Arya further added.

    Rakshat Kapoor, Head Private Credit at MO Alternates, said, “India’s green energy mandate and urban mobility imperative are converging to create a structural investment opportunity of significant scale, and JBM Ecolife stands as its most credible institutional expression. JBM’s long-term concession structures offer predictable, contract-backed cash flows, which is precisely the architecture that makes for compelling private credit investments.”

    Kapoor added, “At MO Alternates, we back sector champions with disciplined capital solutions tailored to unlock significant scale. JBM’s commanding market presence, execution capabilities, and policy tailwinds make it the ideal platform to institutionalise green mobility infrastructure in India. Our INR 750 crore commitment is a high-conviction allocation, and we look forward to working alongside the JBM leadership to generate sustainable value for our investors and the environment.”

    The deployment of these e-buses at this scale will deliver a strategic dividend for India’s energy security. Further, it directly supports the transformative vision of PM Gati Shakti and aligns with key national policies such as PM e-Bus Sewa Programme, PM e-Drive initiative, etc., contributing towards a stronger, more self-reliant future in line with the nation’s Net Zero goals.

    Currently, the consolidated orderbook size of JBM Auto and JBM Ecolife Mobility stands at 10,000 plus electric buses deployed and under execution. Notably, JBM has set up one of the world’s largest (outside China) dedicated integrated electric bus manufacturing facilities, located in the Delhi-NCR region, with an annual production capacity of 20,000 electric buses.

    JBM electric buses, introduced in 2018, have disrupted the green public transportation space across the world. These electric buses have set the highest standards for passenger comfort, safety, affordability and innovation and are a testament to JBM’s unwavering commitment to excellence. Under the company’s 3 bn e-kms promise, JBM electric buses have already clocked 400 million e-kms, having served over 1.5 bn bus commuters across the world.