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Blue Energy Motors Charges Up India's Electric Truck Network
22 Feb
Summary
- BEM is expanding electric freight corridors beyond Mumbai-Pune.
- Company sells electric trucks without batteries to reduce costs.
- A ₹3,500-crore manufacturing facility is planned in Maharashtra.
Blue Energy Motors (BEM), a Pune-based company, is set to expand its electric freight corridor network across India, building on its successful Mumbai-Pune route. This expansion is driven by the belief that corridor-led infrastructure is key to accelerating the adoption of zero-emission heavy-duty trucks in the country.
BEM currently operates battery-swapping stations in Maharashtra and plans to partner with oil marketing companies for further expansion. The company is also developing similar corridor projects at ports and industrial hubs in Gujarat, Maharashtra, and northern India. A significant investment of ₹3,500 crore is planned for an electric and clean truck manufacturing facility in Maharashtra, with plans to increase the Chakan plant's annual capacity.
To make electric trucks more accessible, BEM sells them without batteries, thereby reducing the initial purchase price. Batteries are then treated as fuel, available at swapping stations, with customers paying only for energy consumed. This model brings the cost of electric trucks closer to diesel equivalents. While electric corridors are a long-term focus, BEM continues to scale its LNG truck business, recognizing its role in areas where electric infrastructure is still developing.
