Eastman Signs ₹50 Crore Battery Deal with Vande Bharat E-Vehicles

Key Highlights:

• Eastman Auto & Power Ltd signed an MoU with Vande Bharat E-Vehicles in New Delhi.
• The agreement involves supplying lithium-ion batteries worth ₹50 crore annually for electric three-wheelers.
• Batteries will power Vande Bharat’s E-Rickshaw.
• Eastman is a leading Indian manufacturer specializing in energy storage and solar solutions.
• Vande Bharat E-Vehicles supports India’s "Make in India" and "Atmanirbhar Bharat" initiatives.

Eastman Auto & Power Ltd has signed a Memorandum of Understanding (MoU) with Vande Bharat E-Vehicles to supply lithium-ion batteries worth ₹50 crore every year. The batteries will power electric three-wheelers across India.

Partnership to Support E-Rickshaw Fleet

The batteries provided by Eastman will be used in Vande Bharat’s E-Rickshaw fleet. These vehicles are mainly used by commercial drivers and fleet operators. The goal is to make electric vehicles more affordable and easier to use for everyday businesses.

Leadership insights: 

“This partnership is a big step for u.Our batteries will help power thousands of electric rickshaws and support India’s clean energy future,” said Shekhar Singal, Managing Director of Eastman.

Sumit Anand, Director of Vande Bharat E-Vehicles, said, “We’re excited to work with Eastman. Together, we’ll help drivers shift to electric vehicles and bring India closer to its net-zero goals.”

Focus on Clean and Sustainable Mobility

The partnership is part of an initiative to reduce pollution and promote electric transport in India. By combining advanced battery technology with reliable electric vehicles, both companies aim to support the country’s push for sustainable transport.

About Eastman Auto & Power Ltd

Founded in 2006, Eastman is a major Indian company in power solutions. It specialises in energy storage, solar products, and electric mobility. Eastman runs eight manufacturing units in India. The company has a global reach in over 50 countries. The company is India’s largest maker of solar tubular batteries and serves more than 400 OEM partners.

About Vande Bharat E-Vehicles

Vande Bharat E-Vehicles, operated by Sahanianand E-Vehicles Pvt Ltd, makes electric three-wheelers. The company supports the government’s "Make in India" and "Atmanirbhar Bharat" programs and offers vehicles designed for Indian roads and markets.

Also Read: FADA Sales Report May 2025: Three-wheeler YoY sales increased by 24.51%

CMV360 Says

The partnership between Eastman and Vande Bharat E-Vehicles is a good move for India. It means more electric rickshaws will get better batteries, helping drivers and the environment at the same time. E-rickshaws are a common mode of transportation in cities and towns. Electric three-wheelers in India are very useful for carrying people every day and are an important source of income for many. By using strong and reliable batteries, drivers can save money on fuel and maintenance, while also helping to reduce pollution. This partnership shows that clean and affordable transport is possible.