16 May 2025
Blue Energy Motors grows 14% despite slowdown in the truck industry
Blue Energy Motors, India’s leading clean-tech truck company, has shown impressive growth in the LNG-powered truck segment during FY25. While the overall heavy-duty truck market fell by 10% and tractor-trailers saw a 4% drop, Blue Energy Motors managed to grow by 14% compared to the previous year.
Strong Growth in South and West India
According to the company, most of this growth came from West and South India. States like Gujarat, Maharashtra, and Tamil Nadu led the way in adopting LNG trucks. The main reason behind this rise was the availability of better LNG infrastructure, smoother freight movement, and state policies that support clean fuel vehicles.
Anirudh Bhuwalka, CEO of Blue Energy Motors, explained that these regions are already well-prepared with LNG stations, which helped in boosting truck sales. On the other hand, North and East India showed slower adoption. This was mainly due to fewer LNG stations and logistical problems in those regions.
However, Bhuwalka added that things are slowly changing. New LNG corridors, such as Delhi–Kolkata and Kolkata–Chennai, are getting ready. This means more trucks in these regions will start using LNG in the coming year (FY26).
Why Blue Energy Trucks Are Gaining Popularity
The company believes there are a few strong reasons for its growth. First, more customers now understand the benefits of using alternative fuel trucks. Secondly, LNG trucks offer a better Total Cost of Ownership (TCO) than diesel trucks. In simple words, they help save money over time.
In addition, the LNG refuelling network is expanding, making it easier for fleet owners to operate these trucks. Bhuwalka also mentioned that international gas prices remained steady between $10/MMBTU to $12/MMBTU, which helped in keeping running costs low.
Truck Industry Challenges in FY25
Even though Blue Energy Motors grew, the overall heavy truck industry faced a tough year. The slowdown was mainly due to fewer government projects in the early part of the year. However, in the second half, government spending improved, which helped boost the demand a little.
On the rural side, the demand remained mixed and recovered slowly towards the year-end. Also, getting loans for clean fuel trucks is still a big challenge. However, the company believes that traditional banks and finance firms are slowly showing more interest in funding such trucks.
Plans and Hopes for FY26
Looking ahead, Bhuwalka said the company expects more demand for higher-tonnage trucks, especially in e-commerce, construction, and mining. He also believes that more industries, such as cement, steel, and logistics, will switch to LNG trucks as the refuelling network expands.
Blue Energy Motors also plans to launch electric trucks and aims to sell 3,000 units in FY26. The company is already working with IVECO Group from Italy for LNG engine technology, which supports their efforts to create clean and efficient transport solutions.
With a plant that can build up to 10,000 trucks every year, Blue Energy Motors is set to play a big role in making freight transport cleaner and more cost-effective in India.
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