Electric Vehicles Sales

EV volumes rise 87 per cent in FY26, with ₹20-30 lakh segment gaining share while entry-level adoption weakens due to affordability and product gaps

Vietnamese electric carmaker VinFast on Wednesday said it will offer multiple product options addressing different segments in India as it reiterates its commitment to the country. The company launched its all-new premium electric, seven-seater multi-purpose vehicle VF MPV 7 priced at Rs 24.49 lakh (ex-showroom India). "With the VF MPV 7, we are entering a new segment, but more importantly, we are expanding our commitment to India," VinFast India CEO Tapan Ghosh said at the launch of the new model. Noting that the VF MPV 7 seven is designed for modern Indian customers to move together with family or friends, he said the new model is also a signal of where VinFast is headed in India. "We are here to offer multiple product options to Indian customers for their varied mobility needs," Ghosh said. VinFast has been accelerating expansion of its retail and service network across India with a target of 75 showrooms nationwide by the end of 2026, up from the current 50 touchpoints, Ghosh

As India moves toward reducing dependence on imported crude oil, Ola Electric said it will continue to focus on advancing battery technology and accelerating EV adoption.

Older EVs, typically five years and above, may not be eligible for some add-ons and may face higher premiums

China's BYD is set to beat Tesla in global EV sales in 2025, driven by strong China demand and rising overseas sales, even as competition intensifies in key markets

Since April this year, China has restricted the export of rare-earth permanent magnets (REPMs) to India, hitting production in the domestic automobile industry

Driven by festive demand and strong domestic growth, TVS Motor posted record sales of 1.51 million units and launched four new models in the September quarter

Automakers worldwide are cutting electric vehicle prices as demand slows; Tesla, Hyundai, Nissan and Chinese brands lead a global price war to attract buyers

The automaker sold just 5,300 vehicles between January 2023 and June this year despite opening its 45th sales location in Japan

The penetration of four-wheeler EVs (e4W) in India stood at 2 per cent in 2024, lower than the global average of 18 per cent

Ten-year-old Leapmotor has won over investors by outcompeting its peers in price, principally by producing a large proportion of components in-house

India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts

Like the EV surge in Gulf oil nations, it signals a rapid global shift to electric mobility, making OPEC's forecast of a 50% rise in developing nations' oil use by 2050 seem unrealistic

Ola Electric shares rose over 9 per cent even after the company's net loss widened in the first quarter of the current financial year

Union Minister H D Kumaraswamy on Friday launched the first scheme to provide customer facing incentives on purchase of electric trucks of up to Rs 9.6 lakh per vehicle as part of the government's PM E-DRIVE initiative, which has earmarked Rs 500 crore for electric trucks out of its Rs 10,900 crore outlay. Industries including ports, logistics, cement and steel will be the key beneficiaries of the scheme, which envisages support of up to 5,600 electric trucks. "Diesel trucks, though constituting only 3 per cent of the total vehicle population, contribute to 42 per cent of transport-related greenhouse gas emissions and significantly worsen air pollution. This pioneering scheme, guided by the visionary leadership of Prime Minister Narendra Modi, represents India's first dedicated support for electric trucks. It will drive our nation toward sustainable freight mobility, a cleaner future, and the realization of Viksit Bharat by 2047, in alignment with our net-zero emissions goal by 2070,

EVs to drive India's lithium-ion battery demand to 115 GWh by 2030, ICEA report says, warning of $5 bn import exposure and underutilised recycling capacity

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.

HSBC report says BEVs and strong hybrids are not cannibalising sales in states with dual incentives; both segments are growing independently with new launches

Bajaj Auto, Ather Energy, and Hero also recorded double-digit declines in their monthly sales. Only Kinetic Green Energy and Power Solutions reported a rise in their m-o-m e2W sales, up 55.1 per cent

Under the PM E-Drive initiative, MHI offers a subsidy of Rs 5,000 per kWh of battery capacity for e2Ws, capped at Rs 10,000 per vehicle for FY25