Pioneering SLMG Beverages to invest INR 100 Crore in EV

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UTTAR PRADESH, 4 September 2023: SLMG Beverages, a prominent independent bottler of Coca-Cola in India and Southwest Asia, is making a substantial commitment to eco-friendly transportation. The company has announced its plan to invest INR 100 crore in expanding its electric vehicle (EV) fleet. By 2024, they aim to have 5,000 EVs in operation, a significant increase from the current 2,000 vehicles, as part of their distribution network. This strategic shift towards EVs aligns with environmental goals and reflects a broader trend towards sustainable transport solutions.

Embracing Green Distribution

In a statement, SLMG Beverages emphasized its dedication to sustainability by converting its entire distribution to EVs. This move signifies a conscious effort to reduce carbon emissions, combat air pollution, and contribute to resource conservation. As environmental concerns continue to grow, transitioning to green transportation is seen as a crucial step towards positive change.

Partnerships with Industry Leaders

SLMG Beverages has chosen industry leaders Mahindra & Mahindra and Tata Motors as their original equipment manufacturer (OEM) partners for the production of 3-wheelers dedicated to bottle distribution. These partnerships demonstrate a commitment to quality and reliability in the transition to electric vehicles.

Expanding Geographic Reach

The company’s electric vehicle journey began two years ago, with an initial fleet deployed across multiple states, including Uttar Pradesh, Uttarakhand, Bihar, and Madhya Pradesh. SLMG Beverages now plans to expand its electric vehicle presence even further. The goal is to equip 80% of the fleet with EVs by 2025, aligning with a vision of a greener and smarter future.

Environmental and Economic Benefits

SLMG Beverages has already made a significant environmental impact through its adoption of over 2,000 battery-powered light trucks and three-wheelers. This transition has not only reduced the company’s environmental footprint but has also enhanced its economic efficiency. The move to EVs is a testament to the win-win potential of sustainable practices, combining environmental responsibility with economic advantages.

Conclusion

SLMG Beverages’ ambitious investment of INR 100 crore to expand its electric vehicle fleet showcases a strong commitment to sustainable transportation and environmental stewardship. 

As one of India’s largest independent bottlers of Coca-Cola, their decision to transition their distribution network to electric vehicles sets a noteworthy example for others in the industry. This move aligns with the global shift towards greener transport solutions and reinforces the importance of environmentally conscious practices in the corporate world.

SLMG Coco-Cola

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