Electric Car India

Electric carmaker VinFast Auto India on Tuesday said it has partnered with CSB Bank to provide auto and inventory financing for its dealer network. The company has signed a Memorandum of Understanding (MoU) with CSB Bank for the purpose, VinFast Auto India said in a statement. The partnership aims to deliver a comprehensive and convenient suite of credit solutions for potential customers of electric SUVs -- VF 6 and VF 7, supporting VinFast's growth strategy in the world's third-largest automotive market, it added. "Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country," VinFast India CEO, Tapan Ghosh said. CSB Bank Head Retail Banking, Narendra Dixit said as adoption of electric mobility accelerates, there is a growing need for accessible financ

The company is evaluating some form of local assembly in India and working on obtaining local safety and regulatory certifications for more models because of import quotas

The changes are being planned as the proposed India-EU FTA could reduce import duties on electric vehicles, making the current incentive structure less attractive

As the first wave of electric cars ages, they will enter the resale market, but in the absence of a standardised valuation method, the question is how much they will really be worth

The GST Council has kept all EVs, mass market to luxury SUVs, under 5% tax, a step industry leaders say will spur sales and strengthen India's EV ecosystem

Oben Electric's new Rorr EZ Sigma electric motorcycle offers up to 175 km range, TFT screen, app support, LFP battery, and booking at Rs 2,999 for August 15 delivery

Tesla will open its second showroom in India at Delhi's Aerocity on August 11, following its Mumbai launch and Model Y debut

Sales of electric motor cars grew multifold in June 2025 while passenger car sales (that run on internal combustion engines) declined amid weak consumer demand last month, the mobility bulletin of Shriram Finance said. Truck rentals remained firm in June 2025 on the back of increased hiring by the private sector, the findings said. Accordingly, round-trip rentals for 18-ton payloads across various routes, whether Delhi-Mumbai-Delhi or Delhi-Hyderabad-Delhi, grew, it said. On a year-on-year basis, truck rentals grew by 5 per cent in June 2025 as compared to June 2024, while they rose by 1.3 per cent last month as compared to rental rates clocked in the month of May 2025. On a monthly basis, sales of electric two-wheelers increased by 5 per cent to 93,872 units, from 88,986 units sold in May 2025. Sales of electric motor cars in June 2025 grew to 9,804 units up by 1,267 per cent from just 717 units sold in June 2024. On a monthly basis, sales of electric motor cars marginally went

BluSmart Co-founder Anmol Jaggi has been accused of misappropriating funds meant for electric vehicle purchases for personal gain

India's EV charging infrastructure, while expanding, remains in its infancy. Tesla's entry into India might just be the spark needed

Earlier, Lohia Auto had announced an investment of Rs 20 crore to support its expansion plans, which include both passenger and cargo electric vehicle models

JSW MG was the second largest electric car company in India in October, with its three models selling 4,878 units. Tata Motors was just a shade ahead with 5,067 units sold of its six models

Mahindra & Mahindra announced that it would invest Rs 12,000 crore over the next three years, into its EV unit Mahindra Electric Automobile

Ola had planned to launch e-sports car this year

EV-as-a-service platform Zypp Electric on Monday said it has raised USD 15-million funding from Japanese firm ENEOS. The series C funding comprises USD 15-million in equity closure, as part of its ongoing USD 50-million round, which comprises USD 40-million in equity and USD 10-million in debt, the company said in a statement. The fresh capital raised under Series C, in which other investors existing investors 9unicorns, IAN fund, venture catalysts, WFC and others also participated, will be utilised to expand Zypp's fleet from 21,000 to 2-lakh electric scooters and extend its services to 15 cities across India by 2026, it added. The fresh investment will help Zypp in the last-mile delivery space with sustainable EV solutions, said Akash Gupta, Co-founder and CEO of Zypp Electric. "We are eager to expand our fleet and enhance our tech platform, driving significant growth across India. These funds will be utilised to drive the company towards the full path of growth along with earni

The ministry has started the investigation in the cases of subsidy violation in April last year to probe procedural lapses and role of officers that led to the funds wrongly being disbursed

Nio currently buys most of its batteries from industry-leader CATL

Elon Musk pointed out in Tuesday's earnings call that Tesla expects a 50 per cent increase in production over 2023

Tesla fell 1.9 per cent to $147.05 a share on Friday, making it the second-worst performing stock in the S&P 500 Index this year

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant