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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 .
Hinduja Group firm Switch Mobility on Monday said it has secured an order for 840 electric buses from Antony Road Transport Solutions under the first phase of the Centre's PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme. The order comprises 420 9-metre and as many 12-metre AC electric buses for deployment with the Delhi Transport Corporation (DTC) and Transport Department, Delhi. With the deployment of electric buses across Delhi's public transport network, the partnership aims to enable efficient passenger movement while contributing to the city's broader sustainable mobility goals, Switch Mobility stated. The agreements for the deployment have been formalised between Switch Mobility and Antony Road Transport Solutions, marking an important step towards the electrification of public transportation in the national capital, it added. Ganesh Mani, CEO, Switch Mobility said, "This order is a strong testament to the growing confidence in electric ...
The Delhi government has received 5,678 applications for incentives under the Delhi Electric Vehicle Policy 2026 since its implementation in July this year, officials said on Thursday. Of the total applications received, as many as 1,664 have been processed and Rs 4.8 crore have been released by the government under different incentive categories. "Mostly, the applicants for incentives belonged to two-wheeler EV category, accounting for 1,648 beneficiaries of the total applications processed -- with Rs 4.6 crore disbursed for two-wheelers of the total amount. "The remaining 4,014 applications are under process," a government official said. The policy implemented from July 1, has received a total of 5,678 applications. Out of these, as many as 5,621 are for two-wheelers, government data showed. Under the EV policy, two-wheelers are eligible for an incentive of up to Rs 30,000 in the policy's first year, up to Rs 20,000 in the second year, and up to Rs 10,000 in the third year. To