BEML Unveils BH60-EV: India's First Indigenous 60-Ton Electric Dump Truck

Key numbers

Payload Capacity	54,500 kgBH60-EV Metric
Battery Capacity	1,000 kWhHigh-Voltage Li-ion
Market Cap	₹16,594.5 CrBEML Ltd.
P/E TTM	92.99Sector: 32.32

Key highlights

• BH60-EV features a 1,000 kWh high-voltage lithium-ion battery pack for heavy-duty cycles
• Payload capacity of 54,500 kg with a volumetric body capacity of 36.4 cubic metres
• Operating costs estimated to be 40-60% lower than conventional diesel equipment
• Expected annual reduction of approximately 130 tonnes of CO2 emissions per vehicle
• Integrated charging station solution provided for scalable fleet operations

The Product — What It Is

The BH60-EV is a high-capacity electric dump truck engineered at BEML's Mysuru Complex to handle demanding mining environments. It utilizes a 1,000 kWh high-voltage lithium-ion battery pack coupled with a Permanent Magnet Synchronous Motor to provide instant torque and high tractive effort on steep gradients. The truck's payload capacity is rated at 54,500 kg with a 36.4 cubic metre volumetric body.

Safety features include a Roll-Over Protective Structure, emergency steering, and sealed oil-cooled disc brakes to ensure reliability in harsh industrial conditions while maintaining zero tailpipe emissions.

Commercial Opportunity

The shift toward sustainable mining is driving demand for electric heavy machinery that offers significant cost advantages over traditional diesel engines. BEML reports that the BH60-EV is designed to deliver a 40-60% reduction in operating costs, providing a clear economic incentive for fleet operators. By offering a complete, scalable charging station ecosystem, the company addresses the infrastructure barriers typically associated with electric vehicle adoption in remote mining sites.

This integrated approach allows customers to transition to zero-emission fleets without compromising on the performance required for high-payload infrastructure projects.

Strategic Fit

This launch marks a significant expansion of BEML's electric vehicle roadmap, building on the earlier introduction of its 35-ton electric dump truck in April 2026. As a 'Schedule A' company under the Ministry of Defence, BEML is leveraging its indigenous R&D capabilities to reduce dependence on imported technology and fuels. The BH60-EV strengthens the company's position in the Mining and Construction vertical, aligning with broader national goals for sustainable industrialization.

This strategy positions BEML to capture domestic market share while preparing its heavy-duty machinery for competition in international markets.

Financial and Industry Context

BEML operates across Defence, Mining, and Rail verticals, reporting a TTM operating revenue of ₹4,536.15 Cr. While the company trades at a P/E ratio of 92.99 compared to the sector average of 32.32, its focus on high-margin, technologically advanced electric equipment represents a pivot toward future growth areas. Current financial metrics show a net profit TTM of ₹178.45 Cr, with promoters maintaining a stable 54.03% stake.

The investment in electric mobility aims to improve long-term profitability by securing a first-mover advantage in the indigenous heavy electric vehicle segment amid rising global demand for green mining solutions.

Management Vision

The BH60-EV marks a significant milestone in BEML's journey towards next-generation electric mobility for heavy industry. It demonstrates our capability to develop high-capacity electric equipment tailored to the demanding requirements of mining and infrastructure.

“With indigenous engineering, advanced battery technology and a strong focus on performance, safety and sustainability, we are creating solutions that can support both industrial productivity and the transition towards a cleaner future.”

BEML · financial snapshot

Share price	₹1992.4
Market capitalisation	₹16,594.50 Cr
Revenue (annual)	₹4,350.53 Cr
Net profit (annual)	₹141.36
P/E (TTM)	92.99×Sector 32.32×
Promoter holding	54.03%0.00% QoQ
FII holding	5.48%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.