Electric Vehicles

EV retail sales hit record high in July as adoption gathers pace

EV retail sales rose 66 per cent year-on-year to 327,901 units in July, pushing penetration to nearly 12 per cent as adoption accelerated across vehicle segments.

Updated On: 07 Aug 2026 | 11:46 PM IST

Heavy eTruck sales surge 12-fold in July; Olectra eyes entry into the space

Heavy electric truck registrations jumped twelvefold YoY in July as rising fuel costs improved EV economics, prompting Olectra to target around 1,000 units in FY28.

Updated On: 07 Aug 2026 | 10:45 PM IST

Hero MotoCorp sees 2W industry nearing double-digit volume growth in FY27

Strong demand after GST rate cuts is expected to support industry growth in FY27, while Hero ramps up capacity for Vida electric scooters, ICE scooters and Splendor

Updated On: 07 Aug 2026 | 8:00 PM IST

Montra Electric, TVS VMS deploy 57 e-trucks, target 300-plus in FY27

TVS VMS will deploy the first batch of Rhino electric heavy commercial vehicles on a 190-km freight route in Chhattisgarh, supported by dedicated charging stations

Updated On: 07 Aug 2026 | 7:07 PM IST

Ola Electric Q1 results: Loss narrows to ₹336 crore on higher EV sales

The results come as demand for electric two-wheelers remains strong in India, with analysts expecting the segment to continue gaining share of the broader two-wheeler market

Updated On: 07 Aug 2026 | 5:51 PM IST

Electric truck sales surge as fuel prices rise; Olectra eyes entry

Electric truck registrations jumped twelvefold YoY in July as rising fuel costs improved EV economics, prompting Olectra to target around 1,000 units in FY28.

Updated On: 07 Aug 2026 | 5:49 PM IST

Electric vehicle retail sales break record at 327,901 units in July: Fada

Electric vehicle retail sales in India reached another monthly record at 3,27,901 units in July, growing at 66 per cent over the same month last year, with nearly one in eight vehicles retailed now being electric, Federation of Automobile Dealers Associations said on Friday. The previous record for electric vehicle retail sales in India was in June this year at 3,06,220 units, growing at 63 per cent over the same month last year, taking overall EV penetration to over 12 per cent for the first time. The growth in EV sales in July was led by the two-wheeler segment at 2,04,362 units as against 1,08,516 units in the same month last year, up 88.32 per cent, Federation of Automobile Dealers Associations (FADA) said in a statement. Electric passenger vehicle (PV) retail sales were up 83.13 per cent at 32,928 units last month as against 17,981 units in July 2025, it added. The three-wheeler electric segment saw total retail sales of 87,055 units as against 69,477 units in the same month l

Updated On: 07 Aug 2026 | 3:04 PM IST

Ola Electric opens sales, service network to dealer partners across India

Ola Electric on Thursday announced it is opening its sales and service network to dealer partners across India. This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters, Ola Electric said in a statement. Ola Electric built its early growth through company owned stores, using them to build EV awareness, establish the brand, and create India's largest EV two-wheeler customer base of over 10 lakh riders. As the EV industry has matured and consumer acceptance has grown, the company is now evolving this model, it added. Over the coming months, the company stores will transition to focus on brand and product experience, while dealer partners will become the backbone of local sales, service and scale across the country, the company said. The move follows a month of on ground engagement with dealers nationwide. Ola Electric said the response has been strong, with dealers expressing confidence that the company's product

Updated On: 06 Aug 2026 | 1:56 PM IST

River Mobility raises $120 million in Series C led by Elev8, Claypond

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment

Updated On: 05 Aug 2026 | 11:03 PM IST

India's EV industry to generate up to 40 million jobs by 2030: Report

The electric vehicle (EV) sector is expected to create 30-40 million jobs by 2030, with hiring projected to grow 15-20 per cent annually, driven by rising demand for specialised talent in engineering, energy systems and battery technologies, a report said on Wednesday. As EV adoption accelerates across passenger vehicles, commercial fleets, two-wheelers and public mobility, India's EV industry is entering its most employment-intensive phase, evolving from a vehicle manufacturing opportunity into a fully integrated industrial ecosystem, according to the report by talent company Adecco India. The EV sector is projected to generate 30-40 million jobs, with 10-15 per cent direct and 85-90 per cent indirect jobs by 2030, the report stated. The report is based on insights from over 100 companies in Adecco India's base. According to the report, hiring is expected to grow by 15-20 per cent Y-o-Y, with the next decade defined less by assembly-line jobs and more by specialised engineering, .

Updated On: 05 Aug 2026 | 3:45 PM IST

Ather turns Ebitda positive: Where other electric two-wheeler makers stand

After years of prioritising growth, India's electric two-wheeler makers are focusing on improving unit economics, localisation and manufacturing efficiency

Updated On: 05 Aug 2026 | 1:14 PM IST

SIAM seeks fresh extension for EV bus, truck localisation under PM E-DRIVE

The industry body has sought to defer localisation norms till April 1, 2027, saying China's export curbs on rare-earth magnets continue to disrupt supplies.

Updated On: 04 Aug 2026 | 11:20 PM IST

Ather Energy to enter ₹1-1.25 lakh e2W space with new EL platform

This price bracket currently accounts for 55-60 per cent share of the overall electric two-wheeler play in India. But Ather had been conspicuous by its absence in this e2W segment

Updated On: 04 Aug 2026 | 10:31 PM IST

6,562 EV chargers approved under PM E-DRIVE, none installed yet: Govt

PM E-DRIVE has supported the sale of 2.65 million electric vehicles so far, with Maharashtra leading at 428,000 vehicles, followed by Uttar Pradesh, Karnataka and Tamil Nadu

Updated On: 04 Aug 2026 | 4:21 PM IST

EV policy impact: Delhi logs over 10,000 EV registrations, highest in 2026

Electric vehicle registrations in Delhi hit a 2026-high of 10,719 units in July, possibly driven by the Delhi government's new EV Policy 2.0 notified during the month. According to the government's Vahan portal data, 10,719 vehicles in the 'Pure EV' category were registered in July, which was 1,423 more than the previous month of June, when 9,296 pure EV vehicles were registered in the city. In July last year, 6,414 pure EVs were registered in 2025. To provide clean transport, the Delhi government notified 'Delhi Electric Vehicle Policy 2026' on July 1 this year, providing several incentives, tax exemptions and provisions for expanding charging and battery-swapping infrastructure to develop a robust electric vehicle ecosystem in the city. As per the Vahan data, the number of pure EV registrations is the highest in the past seven months this year. Starting from January, EV registrations have picked up gradually, with 6,077 vehicles in January, 4,983 units registered in February and .

Updated On: 03 Aug 2026 | 7:11 PM IST

M&M eSUV biz shifts gear from ₹101 cr loss to ₹288 cr profit in a year

Revenue rises 77% YoY; PBIT margin improves 860 bps as XEV 9S drives volumes, EV penetration

Updated On: 02 Aug 2026 | 11:03 PM IST

Electric two-wheeler sales cross 1 million in record seven months for 2026

India's electric two-wheeler market crossed 1 million registrations in a record seven months, putting the industry on track to surpass last year's total within weeks

Updated On: 31 Jul 2026 | 10:53 PM IST

India's EV penetration surges, but charging stations lag: What data shows

India's EV penetration has risen more than 11-fold since FY20, but the country has just 52,718 public charging stations for over 10 million registered electric vehicles

Updated On: 31 Jul 2026 | 11:49 AM IST

Olectra becomes first to deploy 4,000 electric buses on Indian roads

Electric bus maker says its fleet has covered over 730 million km, avoiding 6.5 lakh tonnes of carbon dioxide emissions while serving multiple states

Updated On: 30 Jul 2026 | 6:28 PM IST

Mercedes-Benz India sees strong festive demand; new CLA sold out for 2026

The luxury carmaker expects 2026 to be its best-ever year, supported by robust order books, sustained demand across segments and strong festive-season momentum

Updated On: 23 Jul 2026 | 6:23 PM IST