Electric Mobility

Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu

German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts

Tata Motors seeks to regain 50% market share in electric PV segment

Tata Motors, the leader in the domestic electric passenger vehicle segment, is seeking to regain its market share of 50 per cent in the mid-to-long term through expansion and renewal of its product portfolio, according to a top company official. With the domestic electric passenger vehicle market fragmenting into four distinct segments on the basis of price points, the company will be entering the above Rs 20 lakh category with its upcoming Harrier.ev and Sierra.ev, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility Managing Director Shailesh Chandra told PTI here in an interview. The company is working to make the total cost of ownership (TCO) of its EVs in the fleet segment comparable to that of CNG vehicles to regain volumes, he added. "We have the aspiration of sustaining our market share beyond 50 per cent in the mid to long term...We would aspire to be at a 50 per cent market share by having a very wide product portfolio and products which are aligned to the ..

Govt plans 360 kW charging points along highways for heavy-duty EVs

According to the latest guidelines from the power ministry, minimum charger capacities are 12 kW for e2w and e3w, 60 kW for e4w, and 240 kW for e-buses and e-trucks

Stellantis to launch Leapmotor EVs in India to boost mobility drive

The entry of the Leapmotor brand into the market aligns with Stellantis' ambition to drive innovation and expand its EV footprint in one of the world's fastest-growing automotive landscapes

NHEV eyeing east and west corridors for expansion, says Abhijeet Sinha

The expansion plan involves 1,401 kilometres in the west and 2,164 kilometres in the east, targeting 13 highways

MG Windsor becomes fastest-selling EV in India with 20K units in 6 months

As of March 2025, JSW MG Motor enjoys a 31 per cent retail market share in the EV segment, trailing only Tata Motors, which holds a 38 per cent share

Startup Mahakumbh: What funding numbers say about Indian startups

In the hottest sector of AI, where most global VC funding is going currently, the country's record has not been anything to write home about

Ultraviolette plans to introduce 10 new electric two-wheelers in 3 years

Electric premium motorcycle maker Ultraviolette plans to bring 10 new products, including scooters and long-range cruiser bikes, in the next three years as it looks to accelerate market presence, company CEO and Co-founder Narayan Subramaniam said on Wednesday. The company, which unveiled its first electric scooter 'Tesseract' along with new lightweight electric motorcycle 'Shockwave' here, is also looking at bringing 'multi-terrain bikes' in future. As part of its new product plans, Ultraviolette, in which TVS Motor Co is an investor, plans a new bike under its existing F series of performance bikes, two more scooters under the S series under which Tesseract will be introduced besides two more lightweight bikes under the L Series along with 'Shockwave'. Electric scooter Tesseract comes at an introductory price of Rs 1.2 lakh for the first 10,000 units after which it will be sold at Rs 1.45 lakh while its e-bike 'Shockwave' comes at an introductory price of Rs 1,49,999 for the first

Ola Electric unveils S1 Gen 3 portfolio, launches 8 new scooters

Ola Electric said the Gen 3 platform delivers the next level of performance, efficiency, safety, and reliability

Bajaj Auto Q3 FY25 results: Net profit rises 8% to Rs 2,196 crore

Chetak margins are out of red; exports touched 500K units after 9 quarters

India outstanding destination for investment in mobility sector: PM Modi

India stands as an outstanding destination for every investor looking to shape their future in the mobility sector, said Prime Minister Narendra Modi on Friday, and assured all government support to investors. Addressing the gathering after inaugurating the Bharat Mobility Global Expo 2025 at Bharat Mandapam here, the Prime Minister said India is focusing on the development of green technology, EVs, hydrogen fuel and biofuels. Emphasising that the strength of the 'Make in India' initiative fuels the growth prospects of the country's auto industry, he said sale of EVs is set to increase eight times by the end of the decade. Modi said the government is working on a mobility system which can support economy and ecology, and create a system which can reduce the country's bill on the import of fossil fuels. He said 'Make in India' initiative has played a huge role in the development of auto industry. The initiative has got a push from the PLI (production linked incentive) scheme which

Tata Elxsi to partner with Qualcomm for next-gen mobility solutions

Design-led technology services provider Tata Elxsi on Friday said it plans to work with Qualcomm Technologies to accelerate the adoption of Software-defined Vehicle (SDV) for next-generation mobility, leveraging Qualcomm's Snapdragon automotive platform. Under this, the company said, it aims to utilise the Snapdragon Digital Chassis Virtual System-on-chips (VSoCs) to help revolutionise the SDV development process, enabling R&D teams to accelerate software development and validation. The company said it will showcase a live demonstration of its AVENIR SDV suite of solutions integrated with Qualcomm Technologies' Snapdragon Ride Flex SoC that implements a cloud-native and virtualised approach to automotive software development at the forthcoming Consumer Electronics Show (CES) in Las Vegas, US. Through the intended technology collaboration, which will be demonstrated at the CES 2025 Tata Elxsi will develop a virtual Electronic Control Unit (ECU) platform for automakers and tier-1 ...

India's battery electric vehicle market to grow threefold next year: S&P

Battery electric vehicle production is projected to hit 377K units in 2025, says S&P Global Mobility

Hero's Vida V2 launch intensifies competition in sub-Rs 1 lakh EV market

Data from the Federation of Automobile Dealers Associations (FADA) shows that electric two-wheeler retail sales increased from 65,554 units in April to 1,39,159 units in October

No coercive action needed against Hero Electric for now: Delhi HC to SFIO

Hero Electric said it was willing to resolve the dispute with the ministry, which had demanded the disgorgement of Rs 133 crore paid to the company in sops, citing alleged violations of FAME II norm

Lectrix EV plans to raise $100 million to fund next phase of growth

Lectrix EV, the e-mobility arm of SAR Group, plans to raise around USD 100 million (over Rs 800 crore) from external sources next year to fund its next phase of growth, according to founder Rakesh Malhotra. The company has invested around Rs 300 crore in the business from internal accruals so far. "I would say we are within 12 months from raising a sizable round of capital (outside)," Malhotra told PTI in an interaction. When asked to elaborate, he noted that the company could raise around USD 100 million. "By the time we raise capital, we would have put in 50 million of our own capital. So the next round has to be in the in a size which is meaningful and can keep us going for another year or two," Malhotra said. The raised capital would go into developing the business across the country, he stated. The company plans to invest the capital to enhance the dealership network and set up swapping infrastructure in about 100 cities, Malhotra said. "We are at about 200 (dealerships) to

Rivals press the accelerator as Ola Electric's e2W market share shrinks

Electric scooter registrations for the first time crossed the 1 million mark in a year in CY 2024 and stood at 1.03 million at the end of November

Hero MotoCorp US partner in advanced stage of developing mid-sized e-bike

Hero MotoCorp and its US-based partner Zero Motorcycles are in the advanced stage of developing a mid-sized performance segment electric motorcycle, according to a top company executive. California-based Zero Motorcycles specialises in electric motorcycles and powertrains. In September 2022, Hero MotoCorp's board approved an equity investment of up to USD 60 million in the company. In 2023 the companies announced collaboration for the development of premium electric bikes. "As far as EV motorcycles ... we are developing in partnership with Zero Motorcycles..it (bike) will be coming in the middle-weight segment," Hero MotoCorp CEO Niranjan Gupta said in an analyst call. He further said: "I would say it's in the advanced stage. We haven't announced the timeline as yet, but we would be looking at something which would not be too far off." The bike will come in the performance segment, Gupta stated. The company is also expanding its electric scooter range covering multiple price segme

Wardwizard partners with SpeedForce to boost Joy e-bike service, reach

SpeedForce, which operates in over 350 locations and services around 150 vehicles per outlet monthly, will now provide sales and service support for Joy e-bikes

Chennai-based Refex to raise Rs 927 crore through preferential issue

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations