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Launch · Mobility & Logistics

Green SM launches electric cab service in Delhi NCR

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Date
Company
Green SM
What it does
Electric ride-hailing service
Kind
Launch
Based in
Delhi NCR
Founded
2023
Sector
Mobility & Logistics

What they do

Green SM is the electric mobility arm of Vingroup, operating electric taxis with VinFast EVs

What happened

It launched Green SM Limo in Delhi NCR on 5 June 2026 with 1,000 seven-seat electric SUVs

Why it matters

The entry follows BluSmart's collapse in April 2025, leaving room for new EV ride-hailing players

The details

  • Green SM launched Green SM Limo electric cab service in Delhi NCR on 5 June 2026.
  • The initial fleet consists of 1,000 VinFast Limo Green seven-seat electric SUVs.
  • Green SM plans to scale the fleet to 10,000 vehicles in the future.
  • Vehicles are owned and operated by Green SM; drivers are salaried employees trained in EV operations, road safety, and customer service.
  • Each vehicle is equipped with a Secure-to-Safe safety system including cameras, AI monitoring, and emergency buttons.
  • Pricing is a fixed fare of ₹8/km with no surge pricing.
  • Booking is available via the Green SM app, hotline, or hailing directly in operating areas.
  • A promotional 50% discount up to ₹250 per ride is offered for app bookings from 5 to 11 June 2026.

The bigger picture

  • Green SM's entry follows BluSmart's collapse in April 2025 after SEBI found promoters misused Gensol funds.
  • Smaller EV ride-hailing players like TreV Mobility, Plush Miles, Naviget, Shoffr have gained traction post-BluSmart.
  • VinFast inaugurated an EV manufacturing facility in Thoothukudi, Tamil Nadu in August 2025.
  • VinFast committed phased investments up to ₹16,000 Cr (~$2 Bn) plus additional $500 Mn in December 2025.

About the business

  • Green SM is the electric mobility arm of Vingroup, founded in 2023 by Vingroup chairman Pham Nhat Vuong as Green and Smart Mobility JSC.
  • The fleet exclusively uses VinFast EVs — electric cars and electric two-wheelers.
  • Green SM owns and operates vehicles on its platform; drivers are salaried employees.
  • Vehicles are equipped with a Secure-to-Safe safety system: interior/exterior cameras, AI-powered monitoring, emergency support buttons.
  • Pricing is a fixed fare at ₹8/km, no surge pricing.
  • Booking is via the Green SM app (App Store, Google Play), hotline, or hailing directly in operating areas.
  • First phase operates in key areas of Delhi NCR; plans to expand coverage in phases based on demand.
  • Long-term expansion may include Mumbai, Bengaluru, Hyderabad, Kochi, Chennai.
  • Airport trips expected ~1/3 of rides; corporate clients 18-20%; rest from individual customers.
  • Green SM captured 40% of Vietnam's taxi market, with over 30,000 electric taxis as of May 2024.

What happens next

  • Green SM plans to expand coverage in Delhi NCR in phases based on demand.
  • Long-term expansion may include Mumbai, Bengaluru, Hyderabad, Kochi, Chennai.
  • VinFast plans to introduce electric two-wheelers in India in 2026.

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