Page 5 - Electric Vehicles In India

India's electric vehicle sales surged in June; slow start for e2Ws: Fada

India's EV market continued to expand in June 2025, with a notable rise in passenger vehicle sales. However, the two-wheeler segment saw a dip in H1 performance due to a weak start to the year

EV sales rise 28.6% in June; electric PVs, CVs lead growth: Fada

Fada data shows electric car sales nearly doubled in June 2025, two-wheelers grew 32%, and commercial EVs more than doubled

VinFast partners with RoadGrid for EV charging, servicing in India

Vietnam's electric vehicle maker VinFast on Tuesday said it has partnered with EV charging and aftersales solutions provider RoadGrid in India ahead of its product launch in the country. As VinFast prepares for its upcoming product launch in India, the company is laying strong groundwork to ensure nationwide accessibility, reliability, and convenience for its customers, and the partnership with RoadGrid is a part of this effort, it said in a statement. Further, the company said it aims to establish extended service workshops by partnering with potential service providers, including RoadGrid, to boost its aftersales operations across India. "Our goal is to make owning an electric vehicle as effortless and reassuring as possible. By joining hands with RoadGrid, we are taking meaningful steps to ensure that every VinFast customer in India has access to dependable charging and responsive service," VinFast Asia CEO Pham Sanh Chau said. The company is eyeing a launch in India with its VF

Luxury cars' share in EV sales up as uber rich shift to clean fuel

India's ultra-rich are embracing EVs, with the luxury electric segment growing 66% in 2025; Mercedes, BMW, Audi lead, aided by new launches and better charging infra

EV cost no longer a top concern as Uber drivers worry about charging access

The challenge will be tackling the new No. 1 concern - charging difficulties - especially for a company that depends on drivers who typically lack access to home charging

EV plans face 24-month delay as OEMs, suppliers hit R&D, execution limits

A study by Vector Consulting finds poor coordination, shared resources, and legacy systems are delaying electric vehicle launches and straining supplier networks across India

18 growth arenas McKinsey says could fuel India's global rise by 2040

India's 18 future arenas - from EVs and semiconductors to AI and space - could drive 30% of its GDP growth by 2040, making the country a global hub for innovation, tech, and industrial leadership

India's auto firms to give double-digit salary hikes in FY26: Deloitte

Driven by demand for EV, AI and automation roles, the automotive industry is set to give the highest salary hikes in FY26, outpacing most other Indian sectors

VinFast scales back India sales target, delays production and bookings

The rollout of VinFast's VF 7 and VF 6 models in India is expected to face a month's delay, attributed to the company's ongoing uncertainties around sales and distribution network in the country

Dedicated PLI scheme for green HEMMs vital to boost investment: Report

There is need for a dedicated production-linked incentive scheme for manufacturing of electric and other alternate fuel-based Heavy Earth Moving Machinery (HEMMs) as it will help unlock new investment, says a report. India currently has limited domestic demand for electric and alternate fuel HEMMs. In the absence of stable domestic demand, original equipment manufacturers, suppliers are unlikely to make the capital-intensive investments needed to manufacture electric and other alternate fuel HEMMs and localise key components, the report by the apex mining body said. There was a "need for a dedicated Production-Linked Incentive (PLI) scheme for electric and alternate fuel-based HEMMs and their critical sub-systems -- in line with existing PLI schemes for auto and auto components," the Federation of Indian Mineral Industries (FIMI) said in a report. The scheme should prioritise high-value components with significant import dependence and offer graded incentives linked to value additi

Electric vehicles: Why change is needed and how to make it happen

By 2030, the penetration of EV sales would be 70 per cent of all new commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two- and three wheelers

India needs 6,900 acres land, $9 bn EV infra investment by 2030: Report

Nearly 6,900 acre of land and USD 9 billion investments will be required by 2030 for setting up facilities for EV (electric vehicle) manufacturing, lithium-ion battery production and public charging stations, according to Savills India. Real estate consultant Savills India has released report 'Charged for Change: How EVs Are Reshaping Indian Real Estate' stating that the EV market in India has witnessed significant growth in recent years, driven by market forces, government policies, rising environmental concerns, and increasing fuel costs. The government has launched several initiatives to accelerate EV adoption and strengthen the supporting ecosystem. "An investment of USD 7.5 to 9 billion will be required by 2030, primarily for land acquisition and the development of facilities for EV manufacturing, lithium-ion battery production, and public charging stations," the consultant said. In high-adoption scenario, the required investments will be USD 9 billion while USD 7.5 billion wi

VinFast's ₹16,000-cr EV plant in TN misses out on India's incentive scheme

VinFast's EV plant in Tamil Nadu becomes ineligible for India's EV incentive scheme as investment was capitalised before approval date; fresh ₹4,150-crore needed to qualify

Govt to open EV making policy with duty cuts to lure global manufacturers

The policy offers to slash duty to 15 per cent on any imported electric car priced from $35,000 if they invest at least ₹4,150 crore, or about $500 million, to set up a local plant within three years

EV makers Tata Motors, Mahindra seek to block hybrids in govt fleets

Tata, Mahindra, JSW MG Motor, Hyundai , Kia Corp and the ministry of heavy industries did not respond to requests for comment

Terra Motors launches electric auto to boost presence in L5-EV segment

Electric vehicle maker Terra Motors on Tuesday expanded its electric vehicle range in the country as it looks to strengthen its presence in the country. The Japanese firm, which introduced the electric three-wheeler KYORO+ to cater to the passenger segment, already has a sizable presence in electric rickshaws (L3) in India having sold over 1.5 lakh units so far. With the new model, the company aims to bolster its position in the electric three-wheeler segment (L5). Terra Motors India Managing Director Go Suzuki said the company aims to garner around 5-8 per cent market share in the segment which sees sales of around 1.5-1.6 lakh units per annum. The company also has ambitious plans to scale up the sales network and production capacity in the country, he noted. "We aim to establish 100 dealerships across the country and scale up production capacity of the electric auto-rickshaws to around 5,000 units per month," Suzuki said. The company currently has a manufacturing capacity of ar

Maharashtra unveils new EV policy aiming for 30% adoption by 2030

The new Electric Vehicle (EV) policy of the Maharashtra government seeks to achieve 30 per cent EV penetration in the state by 2030, officials said on Saturday. Among other things, the policy lays down that new residential buildings must provide EV charging facilities, and also offers incentives such as toll waiver for these eco-friendly vehicles. The transport department on Friday issued a government resolution announcing the new policy which will be in effect from April 1, 2025, to March 31, 2030. It aims to make Maharashtra a leading hub for EVs in India through incentives, infrastructure expansion and manufacturing support, said an official release. By implementing this policy, the state wants to prevent 325 tonnes of PM 2.5 emissions and 1000 tonnes of Greenhouse Gas (GHG) emissions from the transport sector by 2030 as part of the Clean Mobility Transition Model, the GR said. The policy proposes incentives of up to Rs 2 lakh for electric four-wheelers used for transport and R

Strong hybrids and BEVs cater to distinct buyers, says HSBC report

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

Tata Motors plans more product actions in FY26 for 'mainstreaming' EVs

Tata Motors aims to strengthen its electric vehicle range, as well as enhance the value proposition of existing nameplates, as part of its plans to make EVs mainstream in the domestic passenger vehicle market. The Mumbai-based auto major is gearing up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing models. Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent as compared with FY24. "Strengthening EV portfolio with new launches, as we also strengthen the value proposition of existing products," it said in a post-result investor presentation. The company aims at continued efforts towards mainstreaming EVs, with focused market development and ecosystem actions, it noted while outlining the focus areas for sustainable growth in the passenger vehicles segment in FY26. On the internal combustion engine vehicle segment, the company said it aims at "leveraging its strongest and freshest portfolio yet, with product ...

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 ...