SLMG Beverages plans to invest Rs 100 cr to increase EV fleet
Independent franchise bottler SLMG Beverages on Friday said it plans to invest approximately Rs 100 crore to increase its electric vehicle fleet to 5,000 by 2024 from 2,000 at present for its distribution network. With this investment the company will be converting its distribution entirely to EVs, SLMG Beverages said in a statement.
Mahindra & Mahindra and Tata Motors will be the OEM partners for the 3-wheelers for distribution of bottles across four states, it said.
