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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; 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Mahindra Logistics plans 350-EV Alyte fleet for Noida International Airport
Amit Vijay Mohile · 2026-06-18 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Passengers arriving at Noida International Airport are now being greeted by a fleet of around 70 Mahindra XUV 400 EVs operated by Mahindra Logistics’ Alyte mobility platform, as the company positions itself for a major expansion in Delhi-NCR’s rapidly evolving premium electric mobility market.

The company, which launched services as the airport’s official taxi partner following the start of commercial operations at Noida International Airport this month, plans to expand Alyte’s fleet and network five-fold during FY27. Based on its current fleet of about 70 vehicles across Delhi and Noida, the expansion would take the platform to nearly 350 vehicles, implying the addition of around 280 EVs over the next year.

The scale-up marks Mahindra Logistics’ biggest push yet into consumer mobility and comes as a growing number of operators race to capture airport and urban transportation demand in the National Capital Region.

NOIDA AIRPORT MOBILITY

Alyte Privé was launched in Delhi in August 2025 and has since expanded into airport transportation, offering guaranteed rides, trained chauffeurs, fixed pricing, zero cancellations and a fully electric fleet aimed at business and leisure travellers.

Mahindra Logistics commenced operations as the official airport taxi partner at Noida International Airport on June 15 and plans to progressively expand the service as passenger traffic builds at India’s newest international gateway.

The company said it intends to scale in a measured manner, focusing on customer experience and operational reliability before expanding into additional cities over the next two to three years.

PREMIUM EV MOBILITY RACE

Mahindra’s expansion comes as Delhi-NCR emerges as the focal point of a new battle for premium electric mobility customers. The opening of Noida International Airport, coupled with the vacuum created by BluSmart’s exit from the market, has attracted a wave of operators targeting airport transfers and high-value urban travel.

Among the most aggressive entrants is Green SM, the mobility arm backed by Vietnam’s Vingroup and EV maker VinFast. The company has begun rolling out a fleet of 1,000 company-owned electric vehicles in Delhi-NCR, including the VinFast VF 5 and the Limo Green MPV, as it seeks to build brand visibility ahead of VinFast’s retail vehicle launch in India.

Like Alyte, Green SM is betting on an asset-heavy model built around company-owned vehicles, employee drivers and fixed pricing to deliver a more predictable customer experience than traditional ride-hailing platforms.

TREVEL EXPANSION

Competition is also coming from startups. Gurugram-based EV mobility platform Trevel recently raised $1 million from investors including India Accelerator, Finvolve and the Haldiram Family Office to fund fleet expansion, technology development and operations.

Founded in September 2025, Trevel has grown from four vehicles to more than 50 premium EVs in Delhi-NCR and plans to expand its fleet to 500 vehicles by March 2027. The company operates airport transfers, city rides and hourly rentals using vehicles including the MG Windsor EV, MG ZS EV, BYD e6 and Kia Carens Clavis EV.

The emergence of multiple fleet operators underscores growing confidence in airport transportation as one of the most attractive use cases for electric vehicles. Airport transfers offer predictable routes, easier charging management, high vehicle utilisation and customers willing to pay a premium for reliability and service quality.

CORPORATE EV FLEETS

The opportunity extends beyond airport passengers. Operators such as Refex Green Mobility have built sizeable electric fleets serving multinational corporations, technology parks and airlines through dedicated employee transportation contracts.

As a result, Delhi-NCR is witnessing the emergence of two distinct electric mobility markets: premium airport and consumer transportation on one side, and institutional and corporate mobility on the other.

MAHINDRA’S STRATEGY

For Mahindra Logistics, Alyte is more than an airport taxi business. The platform represents the company’s attempt to build a consumer-facing mobility brand while creating a commercial deployment channel for Mahindra’s electric vehicles.

Alyte currently operates through two service categories. Alyte Privé serves the premium electric mobility segment, while Alyte Select carries forward the airport taxi operations previously associated with Meru across airports including Mumbai, Delhi, Navi Mumbai, Hyderabad, Bengaluru and Pune.

As new fleets hit the road and Noida International Airport ramps up operations, Delhi-NCR is quickly becoming India’s most competitive market for premium electric mobility services.

For Mahindra Logistics and its rivals, the challenge will be not just adding vehicles but convincing travellers that reliability, service quality and electrification can coexist in a market long dominated by traditional ride-hailing platforms.

Published on June 18, 2026