Latest News | BNY Mellon to Convert Its Corporate Vehicles Fleet into Electric in India by 2025

Mumbai, Oct 12 (PTI) Global financial services provider BNY Mellon plans to convert its corporate vehicles fleet into electric in India by 2025.

The company has a total fleet of 700 diesel-powered Multi-Purpose Vehicles (MPVs).

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In the first phase of the project, BNY Mellon has unveiled a fleet of 20 Electric Vehicles (EVs) on its company premises in Pune on a pilot basis. They are likely to make 30,000 trips and are expected to save over 99,000 kilograms of carbon emissions annually, according to a release.

These MPV style cars have a range of 500 kilometres on a single charge and will primarily be used as part of the company's employee transportation programme in Pune and Chennai.

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BNY Mellon said the plan is to eventually replace a large part of the current diesel-powered fleet across India.

"We are continuously looking to implement sustainable solutions across the value chain. Our intention is to electrify our entire corporate fleet by the end of 2025," said Nitin Chandel, Managing Director and Head at BNY Mellon Technology, India.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)