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Electric Vehicles In India
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
Tata Motors Passenger Vehicles Ltd is gaining market share in the electric vehicle segment and has seen a three-fold increase in EV bookings over the last six months, even as production capacity is restricting its ability to fully capitalise on the strong demand, according to a senior company official. In an interview to PTI, Tata Passenger Electric Mobility Ltd, Chief Commercial Officer Vivek Srivatsa said, "If you see the last two three months, we are actually gaining market share every month. So it is the other way round, and in fact, in the last six months, the gap between us and the number two player has increased. And I would also publicly state that we had three 3x growth in bookings for EVs, and we are only restricted by our production capability". Tata Passenger Electric Mobility Ltd is a part of Tata Motors Passenger Vehicles Ltd Group. "I think consumers are increasingly confident of our products, and we have the widest product range, providing EVs to all kinds of differe
India's electric vehicle (EV) market is expected to grow to Rs 20 lakh crore by 2030, with the potential to create five crore jobs, Union Minister Nitin Gadkari said on Wednesday. Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration. "India's electric vehicle(EV) market will be worth Rs 20 lakh crore by 2030. It will also create five crore jobs by 2030," he said. The road transport and highways minister highlighted that India's two largest two-wheeler vehicle manufacturers, Bajaj Auto and Hero MotoCorp, export more than 50 per cent of vehicles they produce. Gadkari said there is demand for one lakh electric buses annually in India, but 'we are able to manufacture only 50,000-60,000 EV buses annually'. He said the government aims to make India's automobile industry number one in the world within five years. The future of the In
Hyundai Motor India Ltd on Tuesday said it has entered into a partnership with Jio-bp to integrate their respective EV charging networks and enhance charging accessibility for EV users across India. Jio-bp is the operating brand of Reliance BP Mobility Ltd, a joint venture between Reliance Industries and bp, and is a leading provider of EV charging services and solutions. Through this collaboration, EV customers will be able to discover, access and use Jio-bp pulse charging stations using the myHyundai app, Hyundai Motor India Ltd's (HMIL) integrated EV charging platform, further enhancing charging convenience and accessibility, the company said in a statement. With the integration of the Jio-bp pulse network, HMIL's EV charging ecosystem now provides access to over 37,000 charging points across India, while HMIL's high-capacity chargers will also be gradually integrated into the Jio-bp pulse charge pro app, it added. Commenting on the partnership, HMIL Executive Director and Funct