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Updated On: 10-Sep-2025 08:29 AM
NHEV and Transvolt launch 1,000 electric trucks in India with global finance, subsidies, and policy support, boosting clean freight transport and reducing logistics costs.
1,000 electric trucks deployed on World EV Day 2025.
₹500 crore climate finance support enabled rollout.
IFC invested $20M in Transvolt Mobility.
Truck cost expected to fall to ₹90 lakh.
Fleet to operate across ports and freight corridors.
In a big step for India’s clean mobility mission, National Highways for Electric Vehicles (NHEV) and Transvolt Mobility have announced the deployment of 1,000 electric trucks across the country. The announcement was made on World EV Day 2025, marking the successful completion of a year-long technical and commercial trial that started in Chennai last year.
The trial, which began on World EV Day 2024, was designed to test how well heavy-duty electric trucks perform on Indian freight routes. It brought together policymakers, logistics players, financiers, and OEMs to build a framework for mass adoption.
₹500 crore blended climate finance instrument launched in August 2025.
Initial target of 720–810 trucks under Viability Gap Funding (VGF).
Final outcome exceeded expectations with 1,000 trucks confirmed.
The project has received major financial backing, making the large-scale rollout possible.
$57 million Viability Gap Funding was secured under NHEV.
$20 million equity investment came from the International Finance Corporation (IFC) into Transvolt Mobility.
The PM E-DRIVE scheme provided upfront subsidies ranging from ₹2.7 lakh to ₹9.3 lakh per truck, reducing purchase costs for operators.
Industry experts highlighted that the cost of electric trucks is expected to fall from ₹1.25 crore to around ₹90 lakh, bringing them closer to diesel trucks in terms of price. This price cut is projected to reduce logistics costs by up to 10%, encouraging wider adoption by shipping companies, ports, and construction firms.
The new fleet of electric trucks will be deployed across Gati Shakti Cargo Terminals, ports, and major freight corridors, carrying goods such as cement, steel, coal, automobiles, and other bulk materials.
With strong public-private partnerships, policy support, and climate finance models, this rollout of 1,000 electric trucks marks a turning point for India’s freight transport sector. It will accelerate the shift towards zero-emission logistics, making India’s supply chain cleaner, more efficient, and future-ready.
Also Read: Madhya Pradesh Launches India’s First EV Policy on World EV Day 2025
The deployment of 1,000 electric trucks by NHEV and Transvolt marks a defining moment for India’s green freight future. With reduced costs, policy backing, and global finance support, the initiative will cut emissions, lower logistics costs, and make the nation’s transport system sustainable and competitive in the long run.