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Electric Vehicles In India
Electric mobility-as-a-service (MaaS) platform Yulu on Wednesday said it has raised USD 93 million in a Series C funding round to scale its fleet fourfold to 200,000 EVs over the next two years, expand its service hubs, deepen strategic enterprise partnerships and accelerate its listing plans. The funding comprises USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt, the company said. Securing this Series C capital is a validation of the company's business model, a massive headroom for demand, its execution capability, and the platform maturity it has built, said Amit Gupta, Co-founder & CEO of Yulu. "As we scale our fleet fourfold over next few quarters and launch high-capacity vehicle form factors, Yulu is positioned to remain the definitive backbone of India's urban hyperlocal mobility economy while transitioning seamlessly toward the public markets," he added. As a vertically integrated electric vehicle ecosystem spanning purpose-built hardware, ...
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
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
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, .
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 .
Hyundai Motor India Ltd (HMIL) on Monday said it has crossed access to over 30,000 EV charging points across India through its myHyundai app. The app provides integrated charging networks accessible via a single platform set up in partnership with leading CPOs (Charge Point Operators) and service providers, the company said in a statement. "Through the integration of over 30,000 charging points on the myHyundai app, we are empowering EV users with one of India's largest charging networks accessible through a single platform," HMIL MD & CEO, Tarun Garg said, reiterating the company will more than triple its proprietary DC fast public charging network from 183 stations today to 600 stations by 2030.
The Goa government plans to offer up to 50 per cent subsidy on electric vehicles for licensed motorcycle pilots and autorickshaw operators to accelerate the state's transition to clean mobility, Chief Minister Pramod Sawant has said. Chairing a high-level meeting on Sustainable Transport Strategy, Sawant on Friday directed the Department of New and Renewable Energy to finalise the subsidy scheme and draft a policy to transition industrial establishments to cleaner energy alternatives. According to an official statement, the chief minister asked the department to draft a policy for the phased replacement of diesel generator (DG) sets installed in industrial and commercial establishments. The proposed policy will encourage the use of Battery Energy Storage Systems (BESS), solar photovoltaic systems integrated with battery storage, gas-based systems wherever feasible, and other sustainable energy technologies. Sawant said the policy should include a clear implementation roadmap, ...
With the West Asia war accelerating demand for new electric vehicles, JSW MG Motor India is cashing in on the opportunity and expects to end the year with new energy vehicles contributing up to 80 per cent of its overall sales this year, its MD Anurag Mehrotra said on Thursday. The company, which unveiled its ADAPT (Advance Drive Architecture Platform Technology) -- a platform for multiple new energy vehicles (NEVs) -- will soon launch an electric vehicle, based on the platform, followed by a plug-in hybrid later this year, Mehrotra told PTI in an interview. "After March, once the West Asia crisis hit, we are actually seeing a better traction on NEVs, and that is clearly visible by the penetration going up," he said, when asked about the impact on vehicle demand due to fuel price hikes after the West Asia war broke out. The passenger vehicle industry EV penetration was only 3.8 per cent in January and in June, it was over 8 per cent, Mehrotra noted. "So it tells you that consumers
: Electric mobility firm Zelio E-Mobility on Monday announced the inauguration of a new manufacturing facility in Coimbatore, Tamil Nadu, with an annual production capacity of 60,000 units, as part of its expansion strategy in south India and parts of Maharashtra. With the commissioning of the new plant, the company's total installed manufacturing capacity has increased to 2.4 lakh units per annum across its four facilities. Established with a capital investment of up to Rs 1 crore, the new facility spans approximately 39,000 sq ft and will support electric scooter assembly, storage, logistics, and allied business operations, the company said. The plant will manufacture and assemble electric two-wheeler models from Zelio E-Mobility's product portfolio to begin with, it added. The Coimbatore plant will primarily cater to southern markets, including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and south Maharashtra. During its initial phase of operations, Zelio said the
Mandates under the newly announced electric vehicle policy should not be imposed, a transport union said in a letter written to LG TS Sandhu. In the letter, Delhi NCR Transport Ekta Manch, a taxi and auto union, opposed the mandatory registration of new electric-only autos starting next year. "At present, there are not enough EV charging stations, battery-swapping facilities, easy financial assistance, affordable loans, practical transition plans, or a clear policy for the safe disposal and recycling of lithium-ion batteries. "Making EVs mandatory without these basic arrangements would place an unbearable financial burden on lakhs of drivers, small transport businesses and individual vehicle owners," Shyam Sunder, general secretary, Delhi NCR Transport Ekta Manch, said in the letter dated July 9. Sunder further said, "Our organisation supports a clean environment and modern technology. However, it is neither fair nor justified to enforce any policy without adequate preparation, ...