New Launch27 May 2025, 08:02 pm
Ravindra Energy's Associate Company to Launch FOTON's Electric Heavy Commercial Vehicles in India
AI Summary
Ravindra Energy Limited's associate company, Energy In Motion Private Limited, has signed an exclusive agreement with Beiqi Foton Motor Co. Ltd. to launch FOTON’s range of electric heavy-duty goods vehicles in India. The commercial rollout is scheduled to begin in Q2 of FY 2025-26. This partnership marks a significant milestone in Ravindra Energy's commitment to accelerating India's transition to sustainable transportation. Under the agreement, Energy In Motion will have exclusive rights to assemble and market FOTON’s advanced electric heavy-duty goods vehicles across India. The environmental gains are expected to be significant as trucks consist of only 4% of all vehicles on Indian roads but over 30% of carbon emissions.
Key Highlights
- Ravindra Energy's associate company, Energy In Motion, signs exclusive agreement with Beiqi Foton Motor Co. Ltd.
- Launch of FOTON’s range of electric heavy-duty goods vehicles in India scheduled for Q2 of FY 2025-26.
- Energy In Motion to have exclusive rights to assemble and market FOTON’s advanced electric heavy-duty goods vehicles across India.
- Significant milestone in Ravindra Energy's commitment to accelerating India's transition to sustainable transportation.
- Electric heavy vehicles to offer efficient, eco-friendly, and commercially viable alternatives to traditional diesel-powered fleets.