Delhivery taps Bajaj Auto for 1,500 electric three-wheelers
First phase of 200 Bajaj RIKI eCarts begins now; bulk of 1,500 planned for 2026-27 across Tier-2/3 cities in a push to cut last-mile costs and emissions.
— 2 earlier stories on Delhivery Ltd. →What's new
- Delhivery to deploy up to 1,500 Bajaj electric three-wheelers across its last-mile network.
- First phase: 200 Bajaj RIKI eCarts; second phase targets Tier-2/3 cities in 2026-27.
- Vehicles offer 100+ km range and integrate with Delhivery's route optimisation software.
Why this matters
For a ₹35,851 cr market-cap logistics firm with ₹2,850 cr quarterly revenue, 1,500 EVs is incremental. But with thin margins (PAT ₹63 cr), any operating cost savings from lower maintenance and better rider economics matter. The real test is whether this moves unit economics perceptibly.
What we're watching
- Any disclosure of per-km cost savings or capital outlay from the partnership.
- Pace of scaling from 200 to 1,500 vehicles—whether Phase 2 accelerates.
- Impact on Delhivery's EV fleet mix and Scope 3 emission targets.
The full read
Delhivery is putting 1,500 Bajaj electric three-wheelers into its last-mile fleet. Phase one starts with 200 RIKI eCarts; the rest target 2026-27 across smaller cities. The vehicles run 100+ km per charge and connect to Delhivery's routing software. For a company that just crossed ₹10,000 cr annual revenue and turned cash-flow positive, 1,500 vehicles is a small fleet. The partnership, while credible and from a reputed OEM like Bajaj Auto, comes with no disclosed financial outlay or quantified savings. It's an operational and ESG move, not a financial catalyst. The open question is whether lower maintenance and better rider economics become visible in unit-level margins. Not yet. But it's a credible step.
Questions answered
- What is the range of the Bajaj RIKI eCart?
- Over 100 km per charge, according to the partnership announcement.
- When will all 1,500 electric three-wheelers be deployed?
- Phase 2 targets 2026-27 for the full deployment across Tier-2 and Tier-3 cities. Phase 1 with 200 vehicles starts immediately.
- Does the announcement disclose any financial value or cost savings?
- No. There is no revenue guidance, capital expenditure figure, or quantified savings. This is an operational and ESG initiative, not a material financial event.
- How does this help Delhivery's clients?
- It reduces Scope 3 emissions for clients and improves delivery partner earnings through lower maintenance costs and ergonomic design, per Delhivery's COO.
- Is Delhivery new to EVs?
- The partnership supports Delhivery's broader fleet electrification goals, but the company has not disclosed its current EV count. This is a concrete step toward those targets.
Delhivery Ltd.
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All notes on DELHIVERY →- 23 Jun 2026 · 2:20 PM IST Delhivery taps Bajaj Auto for 1,500 electric three-wheelers
- 17d ago Delhivery turns its logistics data into a mapping product
- 45d ago Delhivery turns cash-flow positive a year early after crossing ₹10k cr revenue