Vingroup's Green SM enters Delhi NCR EV cab market with 1,000-vehicle launch, 10,000 target
Green SM Limo, the ride-hailing arm of VinFast parent Vingroup, debuts in Delhi NCR with 1,000 EVs at ₹8/km and a 50% launch discount capped at ₹250. The operator targets a 10,000-vehicle fleet, stepping into a gap left by BluSmart's exit and pressuring Uber, Ola and Rapido on price and EV mix.
What happened
VinFast parent Vingroup's Green SM launched EV ride-hailing service Green SM Limo in Delhi NCR with 1,000 EVs, targeting 10,000-vehicle fleet. Priced at ₹8/km
Key facts
- 1,000 EVs initial fleet
- 10,000 vehicle target
- ₹8/km
- 50% discount up to ₹250
- 150,000 driver partners
- 5 countries
Why this matters
The BluSmart vacuum is being filled by a vertically integrated foreign OEM rather than domestic players, opening partnership or counter-fleet opportunities for charging networks, fleet leasing platforms, and incumbents needing an EV supply answer.