Electric Vehicles

The latest recommendations by the Parliamentary Committee on EV policy reforms (PM E-DRIVE) could boost Tata Motors, M&M, Ather, and Sona BLW, said analysts at Nomura

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31. In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers. The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026. The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...

Long known for spunky and innovative vehicles, Honda has had trouble in recent years living up to that reputation, nowhere is that more the case than in the US, by far its largest revenue generator

Standing committee asks government to review eligibility norms in the auto PLI scheme, expand EV incentives and speed up upgrades of testing agencies

Two and three wheeler maker TVS Motor Company has expanded its electric vehicle portfolio with the launch of electric scooter TVS Orbiter V1 equipped with 1.8 kWh battery, a top official said on Thursday. The Chennai-headquartered company had launched TVS Orbiter in 2025 and with today's launch, the range would be available in two variants - "Orbiter V1" with 1.8kWh battery and "Orbiter V2" with 3.1 kWh battery. The Orbiter V1 will be available at Rs 49,999 (ex-showroom Delhi) which includes Battery-As-A-Service (BaaS) model. Customers opting for without Battery-As-A-Service, the vehicle is offered at Rs 84,500 (ex-showroom Delhi), a press release said on Thursday. The Battery-As-A-Service model lowers the upfront cost, long term battery assurance to customers. The introduction of BaaS model, allows the customers to subscribe to battery usage instead of paying the full battery cost upfront, the company said. This BaaS model separates the vehicle price from the battery cost, helping

Vingroup's VinFast offers extra discounts on electric cars and scooters for customers switching from gasoline vehicles, while cutting fares on its Xanh SM mobility platform

There is a need to relax criteria for India's PLI scheme for automobiles to enable electric vehicle start-ups to benefit and contribute to the country's green mobility journey, according to Euler Motors Founder & CEO Saurav Kumar. The high ceiling for revenue and investments outlined in the PLI for the auto sector has meant that a company like Euler Motors, despite being among the top players in the electric small trucks and three-wheeler cargo segment, has not been able to participate in the scheme, Kumar told PTI in an interview. As per the eligibility criteria of the auto PLI scheme, an OEM must have a minimum global group revenue of Rs 10,000 crore and invest in fixed assets worth Rs 3,000 crore. "That unfortunately did not incentivise start-ups like us who are equally investing in this space and pushing the technology and R&D at the forefront," he lamented. In terms of products, Euler Motors has both electric four-wheeler and three-wheeler commercial cargo vehicles, which

With a premium of ₹1,200, the policy targets buyers of the n-First electric scooter, offering accident cover, hospital cash benefits, and a cancer plan for women riders

However, month-on-month, there was a decline over January's high base

Motilal Oswal Financial Services has purchased a 1.65 per cent stake in Zelio E-Mobility through a Rs 9.8 crore block deal, boosting institutional interest in the newly listed EV maker

Axis Bank partners Tesla to offer tailored EV financing solutions, including loans with up to 10-year tenure and a fully digital loan process aimed at easing the purchase journey

DEG and Citi have extended a $76 million co-financing facility to Shriram Finance to expand lending to MSMEs, smallholder farmers, women borrowers, and electric vehicle buyers

Chinese EV maker BYD has overtaken Tesla in 22 countries as it expands globally, selling affordable, high-tech electric vehicles while facing slowing domestic sales

The state government has mandated the installation of Electric Vehicle (EV) charging stations across commercial, public, semi-public buildings and real estate projects under the Himachal Pradesh Town and Country Planning (17th Amendment) Rules, 2026, officials said on Tuesday. The move has been aligned with model building bye-laws, which ensures the state's physical infrastructure evolves in tandem with the rising adoption of electric mobility, Town and Country Planning Minister Rajesh Dharmani said in a statement issued here. The Himachal Pradesh government is committed to becoming a green energy state, and to realise this, decisive legislative updates have been integrated for sustainable infrastructure into urban development, the minister added. Dharmani said that to further incentivise energy efficiency, the state government has strictly implemented the HP Energy Conservation Building Code (HPECBC) and Rules 2018. Under these regulations, specialised buildings including ...

India's EV slowdown is rooted in weak customer insight and how new ideas are adopted

Full phase-out by 2030; resale restrictions in nearby states proposed

The CAQM's expert committee is examining mandatory annual EV sales targets for automakers in Delhi-NCR, with thresholds rising each year towards a phased shift to 100 per cent electric vehicle sales

Government schemes such as the PM E-Drive initiative, with allocations of around Rs 2,000 crore for charging points deployment, are helping accelerate rollout

The PLI scheme for automobiles and auto components was approved by the Union Cabinet on September 15, 2021, with a total outlay of Rs 25,938 crore over five years

Tarun Mehta, CEO of Ather Energy, said that India has no competition in the mid-tier EV two-wheeler segment and PLI schemes can help the industry expand its global footprint