Enters next phase of growth in green mobility
Mumbai | Chakan, Pune | May 07th, 2025: GreenLine Mobility Solutions Ltd., an Essar venture and India’s only green logistics operator of LNG and electric-powered heavy commercial trucks, today flagged off a new fleet of LNG-powered trucks at Chakan, Pune. The deployment is supported by Shriram Finance Limited, one of India’s largest NBFCs and the flagship company of the Shriram Group.
GreenLine continues to lead India’s low-carbon logistics transformation. Its current fleet of over 650 LNG trucks serves marquee companies across sectors such as FMCG and e-commerce, metals and mining, cement, oil and gas, and chemicals. The fleet has already covered more than 40 million kilometres, reducing CO₂ emissions by over 10,000 tonnes.
The company plans to deploy over 10,000 LNG and EV trucks, supported by a nationwide network of 100 LNG refuelling stations, EV charging stations, and battery swapping facilities. This comprehensive initiative aims to reduce carbon emissions by up to 1 million tonnes annually.
This partnership marks a significant step in GreenLine’s ongoing mission to decarbonise India’s transportation sector, which contributes nearly 15% of the country’s total carbon emissions. With over 4 million trucks currently in operation—and the number continuing to grow—India’s road logistics sector remains one of its most carbon-intensive industries. Aligned with the government’s ambitious goal to reduce greenhouse gas emissions, GreenLine is committed to transitioning the heavy-duty vehicle (HDV) fleet to LNG and EV trucks to promote cleaner, more sustainable transport. With Shriram Finance’s backing, the deployment of these vehicles is faster and more efficient, making green logistics more financially accessible for businesses across the country.
Anand Mimani, CEO, GreenLine Mobility Solutions Ltd., said: “This fleet expansion, supported by Shriram Finance, is a key step towards transforming India’s logistics with sustainable, high-performance solutions. The trucks, manufactured by Blue Energy Motors (BEM), play a critical role in decarbonising the logistics sector and align with our vision for a greener future. With growing investments in LNG and other alternative fuels, we are seeing tangible progress towards reducing India’s carbon footprint.”
Sharvari Prabhu, CFO, GreenLine Mobility Solutions Ltd., added: “As we scale our LNG fleet, the role of strategic financial support becomes increasingly critical. Shriram Finance’s involvement helps us offer viable green alternatives to conventional trucking while supporting India’s broader decarbonisation goals.”
G. M. Jilani, Joint Managing Director, Shriram Finance Limited, commented: “We congratulate Greenline Mobility Solutions on the expansion of their green fleet with the addition of LNG-powered trucks which reinforces their unwavering commitment to sustainable logistics. At Shriram Finance, we’re proud to support this forward-looking initiative, which aligns with our commitment to responsible financing and environmental stewardship. This partnership marks a significant milestone as our first investment in cleaner fuel technology, showcases our commitment to expand our green financing beyond electric mobility, and underscores our resolve to drive meaningful change across the transportation ecosystem. We remain dedicated to driving positive change, accelerate sustainable initiatives and supporting environmentally responsible growth across the transportation sector.”
GreenLine’s LNG-powered trucks are manufactured by Blue Energy Motors (BEM). BEM is a leading manufacturer of LNG-powered trucks, delivering innovative solutions for the logistics industry. Their cutting-edge technology is designed to enhance operational efficiency and sustainability in India’s transport sector.
About GreenLine Mobility Solutions Ltd.
GreenLine Mobility Solutions Ltd., an Essar venture, is the country’s largest operator of LNG and electric-powered heavy commercial trucks. The company operates LNG-powered trucks for long-haul transportation and electric vehicles (EVs) for short-haul operations. Through its subsidiary Ultra Gas and Energy Ltd., GreenLine is also building a nationwide network of LNG refueling stations to support its green logistics solutions. By integrating advanced technologies and sustainable practices, GreenLine is committed to creating a cleaner, more efficient, and environmentally responsible future for India’s transportation and logistics sectors.
About Shriram Finance Ltd
Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Stock Broking and Distribution businesses. Shriram Finance Limited is one of India’s largest retail asset financing Non-Banking Finance Companies (NBFC) with Assets under Management (AUM) above Rs. 2.63 trillion. Established in 1979, Shriram Finance is a holistic finance provider catering to the needs of Small Road Transport Operators and small business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers. It has vertically integrated business model and offers financing number of products which include passenger commercial vehicles, loans to micro and small and medium enterprises (MSMEs), tractors & farm equipment, gold, personal loans and working capital loans etc. Over last 46 years, it has developed strong competencies in the areas of loan origination, valuation of pre-owned commercial vehicles and other assets, and collections. It has a pan-India presence with network of 3,220 branches and an employee strength of 79,872 servicing to 95.56 lakhs of customers.
Media contact:
Dimpll Khanna, Brand & Communication
Phone: +91 9820247727, Email: Dimpll.Khanna@greenline.in