financetom
Economy
financetom
/
Economy
/
Gati to develop electric vehicle charging infrastructure in Delhi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Gati to develop electric vehicle charging infrastructure in Delhi
Sep 14, 2018 2:55 PM

India's logistics giant, Gati, is all set to deepen its electric vehicle footprint in India, after a successful pilot project in Hyderabad for delivery of IKEA furniture.

Share Market Live

NSE

In partnership with city startup, Gayam Motor Works, Gati runs a fleet of electric autos for customers who opt for door delivery at IKEA's maiden India store.

The company will now run pilots in the Delhi-NCR region, after which it will experiment across Indian metros.

Sources indicated the company has held initial meetings with M&M, Ashok Leyland, Tata Motors amongst others to build a suitable solution for the logistics industry.

"An electric cargo vehicle which meets the requirements of Indian logistics industry both technically and financially is not yet available in the market. Once that is developed, replacement of the fleet is really easy," said Bala Aghoramurthy, deputy managing director, Gati India.

Meanwhile, Gati has also indicated it will not just be a consumer, but will participate in the actual development of the electric vehicle ecosystem in India.

Gati will partner to build EV infrastructure including charging stations, after sales support and service centres for cargo vehicles; and the first project is likely to be announced on New Delhi later this year.

Other logistics giants like DTDC, BlueDart and Professional courier are still to commit to going green in India as they believe the scenario is too challenging just yet.

Bala Aghoramurthy agrees the biggest hurdles will be "Range anxiety, cost of the product, charging time and stations at regular intervals -- which is why we at Gati want to adopt EVs in a phased manner.

Like most other stakeholders in India's electric vehicle growth story, Gati's management also reiterates the role of the government will be crucial in increasing the green footprint. Incentives and initiatives have to be adopted by state and central governments to ensure more corporate participation in this space.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump says he is considering three or four candidates for next Fed chair
Trump says he is considering three or four candidates for next Fed chair
Jun 25, 2025
THE HAGUE (Reuters) -President Donald Trump called Federal Reserve Chair Jerome Powell terrible and said he knows three or four people who are contenders for the next chair of the Federal Reserve. I know within three or four people who I'm going to pick, Trump told reporters when asked if he is interviewing candidates to replace Powell. The leading contenders...
US new home sales fall more than expected in May; inventory rises
US new home sales fall more than expected in May; inventory rises
Jun 25, 2025
WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell more than expected in May as high mortgage rates sapped demand, boosting the supply of unsold houses on the market. New home sales units dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, the Commerce Department's Census Bureau said on Wednesday. The sales pace for April was...
JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025
JPMorgan sees tariff-induced US 'stagflationary' slowdown in 2025
Jun 25, 2025
NEW YORK (Reuters) -U.S. trade policies will likely slow down global economic growth and rekindle inflation in the United States, where there is a 40% probability of a recession in the second half of this year, JPMorgan analysts said on Wednesday. U.S. economic growth is expected at 1.3% this year, down from a 2% forecast at the beginning of 2025,...
Fed's Powell cautions against ending Fed power to pay interest on reserves
Fed's Powell cautions against ending Fed power to pay interest on reserves
Jun 25, 2025
NEW YORK (Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday that the central bank's power to pay interest on cash that banks park at the central bank is a key part of the Fed's interest rate control toolkit and would be difficult to unwind.  If you were to want to go back to a scarce reserves, it would be a...
Copyright 2023-2026 - www.financetom.com All Rights Reserved