Electric Vehicles Sales

India must work with China on EV tech for 5-10 years: Uno Minda chair

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

TVS Motor Q2 results: Profit jumps 42% on festive demand, record sales

Driven by festive demand and strong domestic growth, TVS Motor posted record sales of 1.51 million units and launched four new models in the September quarter

Global EV price war heats up as Tesla, Nissan and Hyundai slash prices

Automakers worldwide are cutting electric vehicle prices as demand slows; Tesla, Hyundai, Nissan and Chinese brands lead a global price war to attract buyers

BYD brings price war to Japanese market in bid to win over customers

The automaker sold just 5,300 vehicles between January 2023 and June this year despite opening its 45th sales location in Japan

Datanomics: Range anxiety persists despite healthy EV charging on NHs

The penetration of four-wheeler EVs (e4W) in India stood at 2 per cent in 2024, lower than the global average of 18 per cent

Leapmotor outpaces China EV rivals with soaring sales, 200% stock surge

Ten-year-old Leapmotor has won over investors by outcompeting its peers in price, principally by producing a large proportion of components in-house

EVs set to dominate 2025 festive launches, rare-earth crunch a concern

India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts

EV adoption surges in developing nations, challenging oil demand narrative

Like the EV surge in Gulf oil nations, it signals a rapid global shift to electric mobility, making OPEC's forecast of a 50% rise in developing nations' oil use by 2050 seem unrealistic

Ola Electric shares soar 18% even as Q1 loss widens; Here's why

Ola Electric shares rose over 9 per cent even after the company's net loss widened in the first quarter of the current financial year

Govt launches PM E-Drive scheme with up to ₹9.6 lakh for electric trucks

Union Minister H D Kumaraswamy on Friday launched the first scheme to provide customer facing incentives on purchase of electric trucks of up to Rs 9.6 lakh per vehicle as part of the government's PM E-DRIVE initiative, which has earmarked Rs 500 crore for electric trucks out of its Rs 10,900 crore outlay. Industries including ports, logistics, cement and steel will be the key beneficiaries of the scheme, which envisages support of up to 5,600 electric trucks. "Diesel trucks, though constituting only 3 per cent of the total vehicle population, contribute to 42 per cent of transport-related greenhouse gas emissions and significantly worsen air pollution. This pioneering scheme, guided by the visionary leadership of Prime Minister Narendra Modi, represents India's first dedicated support for electric trucks. It will drive our nation toward sustainable freight mobility, a cleaner future, and the realization of Viksit Bharat by 2047, in alignment with our net-zero emissions goal by 2070,

India's lithium-ion battery demand to reach 115 GWh by 2030: ICEA

EVs to drive India's lithium-ion battery demand to 115 GWh by 2030, ICEA report says, warning of $5 bn import exposure and underutilised recycling capacity

May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.

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

Electric vehicle sales down 17.6% at 167,455 units in April: Fada

Bajaj Auto, Ather Energy, and Hero also recorded double-digit declines in their monthly sales. Only Kinetic Green Energy and Power Solutions reported a rise in their m-o-m e2W sales, up 55.1 per cent

PM E-DRIVE scheme: Centre targets 5-day turnaround for EV subsidy claims

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

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

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?

Indian roads will surpass US quality within two years: Nitin Gadkari

Nitin Gadkari expressed his optimism about India's future in electric vehicle (EV) adoption, predicting that the country will surpass the US in both EV adoption and manufacturing within next 5 years

Hero Electric's bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt

Hero Electric, India's first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth

Tata Motors announces special offers on EVs as Tesla prepares India entry

Tata Motors is offering an exchange bonus of up to Rs 50,000, 100 per cent on-road financing with zero down payment, and more