Vaibhav Global distributes more than 80 Electric Vehicles to its employees for Eco-commute

2 Feb 2022 , 03:10 PM

Vaibhav Global Limited has recently purchased 80+ Electric 2-Wheelers and distributed them to its employees free of cost, as a part of their environmental initiatives. These EVs would be utilised by the employees for their commuting purpose.

With this investment, the company expects to eliminate approximately 5 buses from its fleet, and we plan to reduce further buses in the future with the addition of more electric vehicles. These EVs would help in the reduction of carbon emission value equivalent to 25-28 ton per annum and would aid in our long-term goal to become a Zero-Carbon company. The charging infrastructure for these EVs will be provided in the office premises.

Towards close of trade on Wednesday, Vaibhav Global Ltd was trading at Rs454.25 per piece up by Rs10.55 or 2.38% from its previous closing of Rs443.70 per piece on the BSE.

Pushpendra Singh, Vice President-Human Resources, Vaibhav Global Limited said, “VGL Group strives to grow in a way that considers the environmental and societal impacts of our activities. The investment in EVs are an extension of our ongoing conscious efforts to minimize the carbon footprint and would further aid to integrate environmental and social considerations with our business practices.”