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TVS Motor Company plans to increase its electric two-wheeler manufacturing capacity to 80,000 units per month by the end of March 2027 to meet strong demand for electric scooters, according to a senior company official. "Now we are also enhancing the capacity. We are now operating at around 60-65,000 units. We have already planned for the next level of capacity expansion to about 80,000 units," TVS Motor Chief Executive Officer KN Radhakrishnan told investors. Electric vehicle penetration has been growing at a very strong pace in the two-wheeler space. Penetration in the overall two-wheeler market has been around 11-12 per cent, while it has crossed the 20 per cent mark in the scooter segment. TVS Motor is currently the market leader in the electric two-wheeler segment. Its major competitor, Bajaj Auto, is also enhancing Chetak capacity to 80,000 units. Ather Energy is also increasing capacity at its existing facility to over 41,000 units while its new facility is coming up. TVS .
Audi India is considering local manufacturing of a battery electric vehicle (BEV), with the luxury carmaker betting on a three-pillar strategy to double its market share in the segment over the next three to five years to 15-16 per cent, a top company executive said. In an interview with PTI, Audi India Brand Director Balbir Singh Dhillon outlined its strategy for India, centred on three key areas: customer centricity, new product introductions, and network expansion, to double its market share in the luxury car segment from around 8 per cent. The German automaker is also looking to leverage the proposed India-EU free trade agreement (FTA) to bring more models to India to test market demand, while expanding its dealership network, particularly in tier-II and tier-III cities. "We are contemplating a locally made BEV electric car with a decision expected in the next couple of months," Dhillon said. Elaborating, he said, "So we intend to double our market share in the next three to fi
Electric vehicles are not the only solution to reduce pollution, and the auto industry should remain technology-agnostic in its efforts to cut emissions while giving consumers greater choice, TVS Motor Chairman Emeritus Venu Srinivasan said on Monday. "I always believe we have to be agnostic (in technology) and look at the net effect on the country in terms of pollution, quality and environment. So, EV is not the only solution," Srinivasan said on the sidelines of the IFQM Symposium 2026. He said electric vehicles should be allowed to grow organically, with consumer choice playing an important role. In India, EV adoption has been gaining ground, particularly in the three-wheeler and two-wheeler segments. On ethanol blending in petrol, Srinivasan said the policy could help India reduce its dependence on fuel imports, while the impact on vehicle performance has so far been limited. "The degradation in performance is very marginal. I think that should not deter us. After all, the whol
Lithium-ion battery distribution and service network startup Pointo is betting big on the expanding e-auto segment, battery storage systems (BESS) and second-life products to bolster its revenue, while actively engaging with investors to raise Rs 70-100 crore for its next expansion phase, a top company official said. The city-based startup, which previously raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to deploy the fresh capital to build an automated, large-scale refurbishment unit and expand its ground distribution network across the country. The company has seen its revenue run rate jump to Rs 80 crore in FY26 from about Rs 3 crore in FY24, and expects to close the current financial year at a revenue of Rs 150 crore, Founder & CEO of Pointo Riki Biswas told PTI. Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, along with three co-founders, Pointo aims to build a closed-loop supply chain across battery deployment, buyback, ...
The Ministry of Heavy Industries (MHI) has approved 382 sites for setting up electric vehicle charging infrastructure in the national capital, Delhi Power Minister Ashish Sood said on Sunday. The Delhi government's Revenue Department and the Delhi Transport Corporation (DTC) had identified 456 sites for EV charging infrastructure, of which 382 were approved by the MHI, Sood said in a statement. Under the Delhi EV Policy, notified on June 30, all 382 sites were reassessed over the past three months for segment-wise deployment, with sites categorised separately for two-wheelers, three-wheelers and four-wheelers, he said. The site-level assessment was carried out to ensure that Delhi's charging network supports upcoming statutory mandates, including 100 per cent electric registrations for three-wheelers and N1 light commercial vehicles from January 1, 2027, and two-wheelers from April 1, 2028, Sood said. The government has onboarded KPMG as the Project Management Unit (PMU), and the .