Electric Vehicles

Ola Electric secures ₹367 crore incentive under India's auto PLI scheme

The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of ₹366.78 crore to be released through IFCI Limited

2025 to end with double-digit growth in electric two-wheeler registrations

For Bajaj the skew of sales in its home turf Maharashtra for e2wheelers is reflected in the fact that it accounts for a substantial 32 per cent of its total registrations in CY 2025

Tata Avinya launch: Know expected price, timeline, features and more

By the end of 2026, Tata Motors plans to introduce its high-end Avinya EV, which is based on a brand-new Gen 3 EV, in India. With a retail strategy, this effort seeks a significant market share

Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr

Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units

Ola Electric rolls out Hyperservice Centres with same-day service guarantee

Ola Electric will convert existing service facilities into Hyperservice Centres offering same-day servicing at no additional cost, with the first centre now operational in Bengaluru

Tata Motors to launch five new EVs by FY30, aims to retain segment lead

Tata Motors Passenger Vehicles (TMPV) on Tuesday said it will roll out five new electric vehicle models, including the premium product range Avinya by FY30 as it looks to retain a dominant market share of 45-50 per cent in the segment which continues to expand in the country. The company said it plans to invest Rs 16,000-18,000 crore in the EV business by FY30 including products and taking charging infrastructure to over 10 lakh points across the country. "As EV adoption accelerates, our commitment remains clear: to mainstream electric mobility by making it accessible across segments, strengthening the ecosystem, and investing in India-first technology and localization. This is how we will continue to lead India's growing EV market," TMPV MD & CEO Shailesh Chandra said. TMPV commands a dominant share, accounting for nearly two-thirds (66 per cent) of all electric passenger vehicles sold in India. The company has the country's largest EV portfolio for personal mobility - Tiago.ev,

Asian car, battery makers revamp EV strategy amid US market changes

Asian car and battery makers are changing their EV strategies after US market shifts, Ford's moves and policy changes shake up global electric vehicle plans

Destination Europe: India's EV exports surge makes a mark in the West

But the country's shipments to traditional strongholds in Africa and Latin America remain tethered to internal combustion engines

Delhi pollution curbs open new market for ICE-to-EV retrofitters

Delhi's tighter pollution norms are boosting demand for EV retrofits, but industry players are urging the government to cut GST and ease regulatory hurdles to scale up conversions

Ola Electric promoter Aggarwal sells small stake to clear ₹260 cr loan

Transaction removes all promoter share pledges, company says control and strategy remain unchanged

Oben Electric raises ₹85 crore, targets ₹100 crore revenue in FY26

Oben Electric raises ₹85 crore in a pre-Series B round to scale showrooms, boost brand reach and accelerate product launches as it targets break-even by FY27

Ford cancels EV battery deal worth $6.5 billion with LG Energy Solution

The South Korean battery maker said in a regulatory filing that the termination followed a notice from Ford after the automaker decided to halt production of some EV models due to policy changes

Govt incentives must prioritise EVs, not hybrids, says Parliament panel

A Rajya Sabha panel has urged the Centre to focus subsidies and tax benefits on 'genuine' zero-emission vehicles, while warning that hybrids remain fossil-fuel dependent and E20 may hurt older cars

Ola Electric plunges 11% in 2 days, stock nears record low; here's why

Ola Electric founder-promoter has undertaken a one-time, limited monetisation of a small portion of his personal stake to fully repay a promoter level loan amounting to ₹260 crore.

Maruti Suzuki expects new EV lifting green-car share of India sales to 45%

The unit of Japan's Suzuki Motor Corp., which is looking to roll out its new e VITARA subcompact crossover in India from early next year, expects greener vehicles to make up about 45 per cent of its o

US states sue Trump admin again over billions in withheld EV charging funds

Sixteen states and the District of Columbia are suing President Donald Trump's administration for what they say is the unlawful withholding of over USD 2 billion dollars in funding for two electric vehicle charging programmes, according to a federal lawsuit announced Tuesday. The lawsuit filed Tuesday in the US District Court for the Western District of Washington is the latest legal battle that several states are pursuing over funding for EV charging infrastructure that they say was obligated to them by Congress under former President Joe Biden, but that the Department of Transportation and Federal Highway Administration are impounding. The Trump Administration's illegal attempt to stop funding for electric vehicle infrastructure must come to an end, California Attorney General Rob Bonta said in a release. This is just another reckless attempt that will stall the fight against air pollution and climate change, slow innovation, thwart green job creation, and leave communities without

PM E-DRIVE scheme delivers 1.13 million electric vehicles in its first year

Despite halving the per-unit demand incentive to Rs 5,000 per kWh, PM EDRIVE enabled 3.4 times higher annual EV volumes than FAME II

Citroën India sees three-fold rise in Q4 sales on strategy shift

Growth has been supported by continued product innovation, expanded export programmes, and strengthened engineering and software capabilities as the quarter progresses, the company said

Ola Electric founder sells personal shares to repay ₹260 cr promoter loan

Bhavish Aggarwal monetises a small part of his stake, lifting a key overhang while retaining roughly 34 per cent ownership

EV startup Evera Cabs to deploy 4,000 BluSmart cars on its platform

Earlier this year, commercial driver management platform Signodrive Technologies leased the fleet of 4,000 vehicles from Gensol Engineering under an insolvency resolution process