EV Market India

Tarun Mehta, CEO of Ather Energy, said that India has no competition in the mid-tier EV two-wheeler segment and PLI schemes can help the industry expand its global footprint

UP State Roadways Transport Corporation (UPSRTC) is keen to convert its fleet of nearly 12,000 buses to EVs in the coming years

The transport ministry has proposed assigning Aadhaar-like unique identification number to EV batteries to ensure their end-to-end traceability and efficient recycling. The proposed framework will make it mandatory for battery producer or importer to assign a 21-character Battery Pack Aadhaar Number (BPAN) to batteries, as per the draft guidelines issued by the ministry. They will also have to upload the relevant Battery Pack Dynamic data on the official portal of BPAN. "The battery producer or importer shall have the obligation of assigning a unique Battery Pack Aadhaar Number (BPAN) to each battery that they introduce in the market and the battery they put to self-use." "BPAN shall be in a clearly visible and accessible position. The location shall be chosen in a way that it cannot be destroyed or deteriorate," the guidelines said. BPAN will capture and store vital information starting from raw material extraction and manufacturing to its usage, recycling, or final disposal, as

BENGALURU (Reuters) -Indian automaker Mahindra & Mahindra launched a seven-seater electric SUV XEV 9S on Thursday with a starting price of around 2 million rupees ($22,409.97), pushing into a segment dominated by Tata Motors Passenger Vehicles.

Significant regulatory transformations such as GST 2.0 and progressive customs reforms are likely to accelerate investment flows, promote EV adoption, and drive the next wave of Indo-Japan collaboration in clean mobility and advanced manufacturing, according to a report. With USD 43.3 billion in cumulative investments, Japan is India's fifth-largest foreign investor. A deeper utilisation of the Indo-Japan FTA will be key to driving competitiveness, enabling technology transfer, and advancing India's journey toward a sustainable, innovation-led automotive future, Grant Thornton Bharat and the Indo-Japan Chamber of Commerce and Industry (IJCCI) said in a joint whitepaper. "The convergence of GST 2.0 and targeted customs incentives marks a defining moment for India's automotive sector. Reduced tax rates, simplified compliance, and supply-chain-focused exemptions will not only elevate India's cost competitiveness but also strengthen its positioning as a manufacturing and export hub for .

CEO of India's largest EV charging network says it would be first such firm to turn profitable; expects revenue to grow fourfold in FY27

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

As the first wave of electric cars ages, they will enter the resale market, but in the absence of a standardised valuation method, the question is how much they will really be worth

New entrant Tesla also retailed 64 vehicles in September, data from the Federation of Automobile Dealers Associations (Fada) showed

Bengaluru-based Ultraviolette plans an IPO by FY28 after unveiling the X-47 Crossover, the world's first radar-integrated electric motorcycle, priced at Rs 2.49 lakh

Founder & CEO Saurav Kumar says the firm will expand to 100 cities, launch affordable EVs, and ramp up production as it eyes doubling revenue to Rs 400 crore in FY26

OEMs seek temporary exemption to keep subsidy and avoid shutdowns

Simple Energy has started commercial production of heavy-rare-earth free EV motors, achieving 95 per cent localisation as it eyes a $350 million IPO in FY27

Tesla India site lists Model Y RWD at ₹60 lakh, Long Range RWD at ₹68 lakh; prices significantly higher than in US, China and Germany

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

Tata Motors unveils the all-electric Harrier.ev, offering a 627-km range, rapid charging, AWD performance, and off-road capability; bookings begin nationwide on July 2

Tesla is likely preparing for a market launch in India, although local production isn't part of its initial plans

Moody's sees India's car sales growing at Asia's fastest rate, but says EV transition faces challenges due to limited infrastructure and cost pressures

Tata Motors expects its electric passenger vehicle sales to bounce back strongly this fiscal on the back of new models and product interventions after witnessing about 10 per cent decline in sales in FY25, its group CFO PB Balaji said on Tuesday. The company is lining up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing cars to boost EV sales, he said in an earnings call. "We sold about 65,000 units (of EVs) this year (FY25), which was about 10 per cent lower than what we sold last year (FY24)," Balaji said, adding that the decline in the company's EV sales were mainly due to a drop in fleet sales on account of withdrawal of FAME II subsidy and some of the fleet operators also getting into a few challenges. He said fleet sales as a portion of total EVs sold have come down, and Tata Motors is working on how to reverse it. He further said, "We are getting the momentum back in terms of numbers, and we hope to do pretty strongly in

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