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Zomato-parent Eternal reworks 2030 EV delivery target amid fleet expansion

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Core Development: Zomato-parent Eternal reworks 2030 EV delivery target amid fleet expansion
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Market & Financial Impact: The Zomato and Blinkit parent is working on a revised timeline, citing a growing rider base, gaps in EV availability across 900 cities and the need to include commercial vehicles
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Eternal weighs 2035 EV target as rider base and businesses grow | (Photo: Company Website)

While remaining committed to green mobility, Zomato and Blinkit parent Eternal is reassessing its 2030 target for a 100 per cent electric delivery fleet due to rapid business expansion and an evolving EV ecosystem.

In an interview with PTI, Anjalli Ravi Kumar, Chief Sustainability Officer at Eternal, said the company is working toward a revised timeline, factoring in the availability of electric vehicles, supporting government policies, and the transportation requirements of its various businesses.

"We are still committed to electrifying the fleet. We are deeply committed to it because it still makes economic sense," she said.

However, acknowledging that the earlier deadline may not be achievable, Kumar said the company's operations had expanded considerably since the original target was set.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
Read Original Full Coverage on Business Standard ↗
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