Vietnamese EV cab operator Green SM leases space for parking 1,050 cars in Greater Noida for total rent of ₹15.5 crore
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Green SM Limo, a Vietnamese EV taxi operator in Delhi-NCR, faces operational hurdles including power outages at charging stations. Despite these infrastructure challenges, the company is aggressively expanding its footprint, evidenced by a major 1,050-car parking lease in Greater Noida.
Infrastructure Hurdles Meet Rapid Expansion
The entry of Vietnam-based mobility firm Green SM into the Delhi-NCR electric vehicle (EV) taxi market marks a significant shift in India’s green transportation sector. However, recent reports from Noida highlight the growing pains associated with this rapid scaling. At the Urbtech Trade Centre in Sector 132, approximately 20 Green SM Limo drivers faced a complete standstill in their workday due to a power outage at the company’s basement charging facility. This incident underscores a critical bottleneck in the EV ecosystem: the reliance on consistent, high-capacity power infrastructure to maintain fleet uptime.
The Operational Toll on Drivers
For drivers, the transition to EVs is currently fraught with logistical instability. Reports indicate that charging sessions are frequently interrupted, forcing drivers to restart the process and lose hours of potential revenue. Some have even resorted to extreme measures, such as sleeping in their cars to secure a charging spot. These frustrations signal that while the demand for green mobility is present, the current support infrastructure is struggling to keep pace with the operational requirements of a large-scale electric fleet.
Strategic Real Estate Investments
Despite these localized power failures, Green SM is doubling down on its commitment to the Indian market. Property registration documents reveal that the company has secured a massive 4 lakh square-foot space in Golden Grande, Sector-19, Greater Noida. This five-year lease, which began in May 2026, involves a significant investment of ₹15.5 crore to accommodate 1,050 cars and five containers. This move demonstrates that the company is prioritizing long-term capacity building over short-term operational setbacks.
The Broader Commercial Landscape
The aggressive expansion of firms like Green SM coincides with wider commercial real estate growth in the Delhi-NCR region. For instance, the flexible workspace provider The Executive Centre recently opened a 94,100 sq ft facility in Gurugram, highlighting the area's continued status as a global business hub. The influx of both mobility solutions and corporate office space suggests a region undergoing rapid modernization, though it also places unprecedented pressure on existing utility and municipal infrastructure.
Future Trends and Outlook
Looking ahead, the success of Green SM in India will likely hinge on its ability to stabilize its energy supply chain. As the company prepares to house over a thousand vehicles in Greater Noida, the necessity for dedicated, high-reliability power grids becomes paramount. If the firm can resolve the current charging inefficiencies, its massive real estate footprint could position it as a dominant player in the Indian EV taxi market. However, if infrastructure instability continues to impact driver earnings, the company may face retention challenges that could jeopardize its ambitious growth targets.
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