SLMG Beverages, an independent Coca-Cola bottler, has revealed plans to invest around Rs 100 crore to boost its electric vehicle (EV) fleet from 2,000 to 5,000 by 2024, transforming its entire distribution network to EVs.
Mahindra & Mahindra and Tata Motors will serve as the original equipment manufacturers (OEM) for the three-wheelers used in bottle distribution across four states.
Vivek Ladhani, the Executive Director at SLMG Beverages Pvt Ltd, highlighted that growing worries regarding carbon emissions, air pollution, and resource depletion have intensified the focus on eco-friendly transportation as a pivotal means for bringing about beneficial transformations.
The company began incorporating EVs into its fleet two years ago, which currently operates across various states, including UP, Uttarakhand, Bihar, and Madhya Pradesh, with plans to expand further. Ladhani emphasized its commitment to equipping 80% of its fleet with e-vehicles by 2025, aligning with its vision of a greener and smarter future.
Through the investment in more than 2,000 battery-powered light trucks and three-wheelers, SLMG has not just lessened its impact on the environment but has also enhanced its economic effectiveness.