TL;DR
Montra Electric has delivered India's first PM E-Drive certified heavy-duty electric truck, the Rhino 5538 EV, to UltraTech Cement, marking a significant step in decarbonizing logistics.
Montra Electric, backed by the Murugappa Group, has achieved a significant milestone by becoming the first OEM to secure the PM E-Drive certification for heavy electric trucks in India. Following this certification, the company has delivered its first certified Rhino 5538 EV to UltraTech Cement. This accomplishment underscores the growing prowess of Indian innovation in the heavy-duty electric vehicle segment, aligning with the government's vision to decarbonize logistics and establish India as a global hub for EV manufacturing.
The PM E-Drive scheme, with an outlay of INR 10,900 crore and INR 500 crore specifically allocated for e-trucks, offers substantial benefits, including a direct customer incentive of up to INR 9.6 lakh per vehicle for models like the Rhino 5538 EV. This incentive is crucial for improving long-term fleet economics by reducing operating costs, mitigating exposure to fuel price volatility, and ensuring compliance with evolving sustainability and emission standards. Electric trucks are seen as pivotal to India's Net Zero goals, fostering a self-reliant ecosystem in line with the 'Atmanirbhar Viksit Bharat' initiative.
