Page 16 - Electric Vehicles

New launches, electric vehicles thrust positive triggers for Hero MotoCorp

Hero MotoCorp's (HMCL) June '25 sales grew 10 per cent Y-o-Y to 556,000 units in a positive surprise but Q1FY26 volumes were down 11 per cent Y-o-Y

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

Vietnamese EV major VinFast ties up with myTVS to boost after-sales service

VinFast signs strategic partnership with myTVS to build a 120-point EV after-sales and charging service network as it preps India launch and Tamil Nadu plant rollout

India hardens stance on agri issues as US trade talks enter key phase

India has hardened its position on issues related to agriculture as negotiations with the US team in Washington have entered a crucial stage, an official said on Monday. The official also said that the stay of the Indian team, headed by special secretary in the department of commerce Rajesh Agrawal, is expected to be extended further. The team is in Washington for negotiations on an interim trade agreement with the US. Both sides are rushing to close a deal ahead of the July 9 deadline for the full implementation of a 26 per cent reciprocal tariff which has been suspended since April. "If the proposed trade talks fail, the 26 per cent tariffs will come into force again," the official added. The stay of the Indian officials has already been extended for three days until June 30. Initially, the delegation was scheduled to stay for two days with the talks having commenced on June 26. Another official said that the commerce ministry has informed domestic exporters and industry that th

Strong EV lineup pushes hybrids to the back seat; penetration hits 4.4%

EVs are taxed at 5% while hybrid vehicles attract an overall tax rate of 43%

Gadkari says govt working on rare earth alternatives: 'Will be solved soon'

Speaking to Business Standard, Gadkari explained the government's multipronged push for self-reliance and assured that the problem of restrictions on rare earth magnets will be solved soon

Epsilon to challenge China's dominance in EV battery cell materials

May set up ₹9K cr plant for making 100K tonnes of graphite anode

Judge blocks Trump admin from withholding funds for EV charger infra

US District Judge Tana Lin ruled that states are likely to succeed in their lawsuit claiming the federal government illegally withheld billions meant for EV charging station infrastructure

Cargo ship carrying over 3,000 vehicles sinks in Pacific Ocean after fire

Salvage firm Resolve Marine confirmed the EV fire-damaged Morning Midas sank in deep international waters; all 22 crew were rescued, and pollution monitoring is ongoing

Electric plane makes history flying 130 km over New York with passengers

Beta Technologies' electric aircraft Alia CX300 flew four passengers from East Hampton to JFK Airport, covering 130 km in 35 minutes - at a cost of just about ₹700, marking an aviation first

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

Rare earth-free EV motor 3 years away, says Montra MD Jalaj Gupta

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports -- imposed stricter export controls in April 2025

Tesla to launch India showrooms in July with China-made Model Y EVs

Tesla will open its first showrooms in India in July, starting with Mumbai and New Delhi, bringing in China-made Model Y EVs as it seeks growth amid slower sales in Europe and China

TI Clean Mobility aims for $1 billion turnover by FY30 with EV push

Murugappa Group firm TI Clean Mobility is targeting a turnover of USD 1 billion in the next 4-5 years for which it will fast-track introduction of new electric vehicles, its Managing Director Jalaj Gupta said on Friday. The company, which sells a range of electric vehicles, including heavy and small commercial vehicles, tractor and passenger three-wheelers under the 'Montra Electric' brand on Friday announced its foray into three-wheeler cargo segment. "Our larger objective is to be a USD 1 billion turnover (firm) all put together... We are looking at a time frame of four to five years, FY29 or FY30, to achieve this," Gupta told PTI here. In FY25, he said the company clocked a consolidated turnover of Rs 650 crore. The company has completed raising of Rs 3,000 crore and currently investments are ongoing in various aspects, including new product development, he added. In the next 6 to 12 months, he said the company is looking at adding an electric tractor in the 40-50 horse power (

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

Tata Elxsi, Infineon partner to develop application-ready EV solutions

The partnership also plans to explore electric Vertical Take-Off and Landing (eVTOL), energy, and off-highway applications

BikeWo, Flipkart logistics arm partner on EV Push for last-mile delivery

BikeWo and Flipkart's Instakart launch over 1,300 EVs across seven states to boost sustainable last-mile logistics with AI-led route optimisation and real-time tracking

Trump turning US into electric vehicle laggard with rollback of policies

Trump ordered the elimination of subsidies and other measures boosting electric vehicles during his first day back in the White House in January

Ultraviolette revs up electric vehicle play with 2 launches in Paris

F77 MACH 2 and SuperStreet mark Ultraviolette's EU entry; India-based electric motorcycle maker eyes Germany, France, Italy and more in phase one

IT companies, BPOs set target of 100% electric vehicle cab fleet by 2030

The target is rather ambitious. It means converting 95 per cent of the existing fleet of over 900,000 cabs, which transports corporate employees from home to office and back