Electric Vehicles In India

Tata Motors ties up with Vertelo to offer leasing for electric CVs

Tata Motors on Thursday said it has partnered with electric mobility solutions provider, Vertelo for customised leasing solutions for electric commercial vehicles and to help fleet owners transition to sustainable mobility. The two companies have signed a Memorandum of Understanding (MoU) to offer attractive leasing solutions applicable to the entire Tata Motors electric commercial vehicle portfolio, Tata Motors said in a statement. This partnership with Vertelo marks a significant milestone in the journey to democratise electric mobility, ensuring that accessibility to sustainable transportation solutions is extended to all customers, enabling broader access to the company's advanced electric commercial vehicles. Tata Motors Commercial Vehicles, Vice President & Business Head Trucks, Rajesh Kaul said. "Through such collaborations, we are not just accelerating the adoption of sustainable transport solutions but also contributing to the development of a robust EV ecosystem in ...

Tata Motors eyes strong EV sales rebound in FY26 with new launches

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

Firms skipping PLI tend to be more capital-disciplined: Ather Energy CEO

Businesses not availing PLI scheme tend to be more "disciplined" in capital (allocation) besides more durable in pricing and margins, Ather Energy Co-founder and CEO Tarun Mehta said on Tuesday as the shares of his company started trading on stock exchanges after a Rs 2,981-crore public float. Mehta also sounded bullish on the domestic EV industry and said that Ather was set to play a major part in the domestic premium e-two-wheeler space with plans to expand both product offerings and distribution network. The Rs 2,981-crore initial share sale had a price band of Rs 304-321 apiece and shares listed with a premium of over 2 per cent against the issue price. The initial public offering (IPO) was a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. "I think not having PLI forces the business to be very disciplined with capital. PLI is not a 20-year scheme. It's another few years left.

EV car policy may be tweaked based on free trade agreement outcomes

The Centre notified SMEC in March last year to turn India into a hub of electric vehicle (EV) manufacturing

Tesla rival VinFast plans to open India plant by end of June, says CEO

VinFast, the Nasdaq-listed global rival of American EV giant Tesla, had selected Thoothukudi in Tamil Nadu for its $2 billion facility

India's push for electric scooters, tuk-tuks fuels battery swapping market

Now growth in sales of battery-powered two-and-three wheelers, favored by tuk-tuk operators, gig workers and for quick-commerce delivery fleets, is finally giving the sector some momentum

Amid Gensol crisis, BluSmart says wallet refunds will take up to 90 days

Many users have voiced concerns about the lack of transparency regarding BluSmart's refund process. The development unfolds amid an ongoing investigation by Sebi into Gensol Engineering

Crisis deepens as more directors resign amid Gensol fund diversion case

Gensol crisis: The fallout stems from a Sebi order accusing Anmol Jaggi and his brother Puneet of misusing public funds

EV maker Wardwizard slashes price of e-scooter range by Rs 13,000

Electric vehicle maker Wardwizard Innovations & Mobility on Friday said it has slashed prices of its product range up to Rs 13,000. The company, which sells electric two-wheelers under the Joy brand, has taken the step to accelerate EV adoption across the country, it said in a statement. The company has slashed prices by up to Rs 13,000 on selected models to strengthen its market presence and attract a broader base of EV consumers, the Gujarat-based firm said. The revised pricing applies to models including Wolf 31AH, Nanu plays, and Wolf Eco, among others.

Not just Ashneer Grover: BluSmart had Dhoni, Deepika Padukone as investors

A number of celebrities and high-profile investors, including MS Dhoni, Deepika Padukone, Sanjeev Bajaj, and Ashneer Grover, had backed the EV startup now under Sebi scrutiny

Jitendra EV to invest up to ₹125 cr in 5 yrs to boost products, capacity

Electric vehicle maker Jitendra EV plans to invest up to Rs 125 crore in the next five years on research & development (R&D), product development and enhancing manufacturing capacity, its Co-Founder Samkit Shah said. The company, which had showcased its Hydrix -- a hybrid vehicle targetted for launch in 2028 -- is also looking to double its sales in the ongoing fiscal year, up from a total of 4,200 units sold in 2024-25, Shah told PTI. "In the next five years we are planning to invest around Rs 80 crore to Rs 100 crore on R&D and product development and another Rs 25 crore on manufacturing," he said. Shah said the company is focusing on both high-speed and low speed electric two-wheelers in order to address the evolving customer requirements, including those of last-mile delivery in the e-commerce segment. On the product side, the company is developing its Hydrix, a hybrid Triquad set to launch in 2028, powered by both hydrogen and electricity with an estimated range of ...

Delhi govt may offer up to Rs 36,000 EV subsidy to women under new policy

The Delhi government is likely to provide a subsidy of up to Rs 36,000 on purchase of an electric two-wheeler to women under its proposed Electric Vehicle (EV) Policy 2.0, officials on Friday said. The benefit can be availed by the first 10,000 women, who are holding a driving license, according to the policy draft accessed by PTI. The proposal is under the government's consideration and it will be approved soon. To encourage female participation in the EV shift, the women in Delhi will receive a purchase incentive of Rs 12,000 per kilowatt-hour (kWh), up to Rs 36,000 on electric two-wheelers. Designed to complement the Centre's PM E-DRIVE scheme, the EV Policy 2.0 aims to accelerate electric vehicle adoption across Delhi. The scheme, which will remain valid until March 31, 2030, outlines a series of incentives targeting not just electric two-wheelers but also three-wheelers and commercial vehicles. To boost the adoption of electric two-wheelers in the city, the government may of

JSW MG Motor India expects EVs to make up 65% of sales by end of 2025

JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models -- ZS, Comet and Windsor -- and three internal combustion engine (ICE) vehicles -- Hector, Astor and Gloster. "EVs are constituting more than 60 per cent of sales in our M-o-M (month-on-month) sales in CY25. We will carry this momentum throughout the year and are confident that our EVs will drive 60-65 per cent of our total sales by year end," JSW MG Motor India Director Sales & Marketing, Rakesh Sen said. JSW MG Motor India is also expanding its new energy vehicle portfolio with MG Cyberster and MG M9, which will be retailed through its newly 'accessible luxury' ...

Maha govt clears road for e-bike taxis, aims to create 10,000 jobs in MMR

The Maharashtra cabinet on Tuesday approved introduction of electric-bike taxis for cities with at least one lakh population, a move which will benefit single passengers travelling up to 15 km and cover Mumbai besides several other urban centres in the state. The measure will create more than 10,000 jobs in the Mumbai Metropolitan Region (MMR) and another 10,000 in the rest of the state, state Transport Minister Pratap Sarnaik said. Talking to reporters, he said e-bikes with a proper partition between front and pillion riders and a roof cover for monsoons will be allowed to ferry people. Sarnaik made the announcement after a weekly cabinet meeting chaired by Chief Minister Devendra Fadnavis at the Sahaydri guest house approved the proposal to launch electric-bike taxis in major urban areas. He said the cabinet has only approved the policy on launching e-bike taxis, and a revenue model is being finalised and would be announced soon. Security of passengers and affordable tariffs ...

Govt weighs EV charging expansion across key infra with ₹2,000 crore fund

India aims to increase the number of public EV charging stations from the current 32,500 to 72,300 by the end of 2025-26

BYD to build a plant in India: Can it reshape the car and EV market?

BYD's India entry will spark a new EV battle. Can it outpace local giants and repeat its China triumph over Tesla, or will the competition reshape India's electric mobility landscape?

Maha govt has shelved proposal to levy 6% tax on high-end EVs: CM Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Wednesday announced in the legislative council that the government won't implement its proposed 6 per cent tax on electric vehicles (EVs) priced above Rs 30 lakh. The announcement came while Fadnavis was responding to a question by Shiv Sena (UBT) leader Anil Parab during a discussion in the Upper House on EVs and air pollution. Parab raised concerns over the proposed tax, saying it would go against the Centre's efforts to promote non-polluting EVs through various incentives. The Maharashtra government's proposal to levy a 6 per cent tax on EVs above Rs 30 lakh would be counter-productive and contradict the broader objective of encouraging clean mobility, Parab said. Fadnavis conceded and said the government has concluded that the tax won't generate significant revenue. It could send a wrong signal about our commitment to electric mobility. Therefore, the state government will not go ahead with the 6 per cent tax on high-end electric

Prices of EVs to be same as petrol cars in 6 months, says Nitin Gadkari

Prices of electric vehicles (EVs) will be equal to those of petrol vehicles in the country within six months, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Addressing the 32nd Convergence India and 10th Smart Cities India Expo, Gadkari further said the construction work of the 212-km Delhi-Dehradun access-controlled expressway will be complete in the next three months. "Within six months, the cost of electric vehicles will be equivalent to the cost of petrol vehicles," he said. The minister said the government's policy is import substitute, cost-effectiveness, pollution-free and indigenous production. To make India the third-largest economy, the country needs to improve its infrastructure sector, the Union minister said. "By making good roads, we can reduce our logistics cost," he added. Gadkari asserted that the future of the country's economy is very good and the government is committed towards smart cities and smart transport. "We are working on

Saving about Rs 90 cr per month from cost-cut measures, says Ola Electric

Ola Electric, in which the SoftBank Group has a significant stake, reported a wider quarterly loss of Rs 564 crore in the October-December quarter as it offered heavy discounts to lure customers

Ultraviolette may invest up to $100 mn in 4 yrs, eyes 100k annual sales

Premium electric two-wheeler maker Ultraviolette plans to invest up to USD 100 million (nearly Rs 870 crore) in the next three to four years to fuel growth, including expansion of product portfolio, manufacturing and network, according to its founders. The company, which announced plans to bring ten new products, including scooters and long-range cruiser bikes, in the next three years, is targetting annual sales of 1 lakh units in this period, with presence not just in India but also in Europe and South East Asia, Ultraviolette CEO & Co-founder Narayan Subramaniam, and CTO & Co-founder Niraj Rajmohan told PTI. Rajmohan said the company has already made investments on R&D to build the fundamental building blocks, including charging systems, battery systems, motor control and vehicle control electronics, smart connected systems and advanced sensing systems. "We are in discussions from a larger investment point of view in the order of the USD 70-100 million that is meant to ..