Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Omega Seiki Mobility (OSM) will supply over 5,000 electric cargo three-wheelers to Porter for last-mile delivery under a collaboration with the logistics operator, the company said on Tuesday. The vehicles are to be delivered to Porter by 2023. The logistics firm already has 1,000 EVs in its fleet and it is looking to expand it five times by next year, it said. Consumers across the world, including in India, have been shopping online in much larger numbers than earlier, increasing the demand for green mobility in the last-mile delivery solutions. The collaboration with Porter is aimed at catering to the surging demands in this space, the company said. According to a recent report, India's e-commerce firms are expected to see 28 per cent year-on-year sales growth at USD 11.8 billion during the festive month with a spurt in the fashion category. "We are seeing the last and middle-mile segment for the trucks growing significantly stronger with demand coming in not just from the ...