Page 2 - Electric Vehicles

EV share in luxury car segment dips in GST 2.0 era as ICE models gain edge

Electric vehicle (EV) penetration in the luxury car segment has seen a drop by nearly 3 percentage points in the GST 2.0 era with the internal combustion engine versions offering better total cost of ownership, according to industry players. While the trend is also visible in the mass market segment, it is the entry luxury segment that is witnessing a more marked shift towards internal combustion engine (ICE) vehicles as price difference between EV and ICE widened under the new GST rates. "If I look at October and November (2025), it came down by 2 to 3 percentage points across mass market as well as luxury, because of ICE having much better TCO (total cost of ownership) compared to EV. So, the moment the equation changes, we can see a change in (EV) penetration," Mercedes-Benz India Managing Director and CEO Santosh Iyer told PTI. The major "fluctuation" is in the entry luxury EV segment, he said, adding that for Mercedes-Benz India, its EVs are mostly in the top-end luxury ...

4 new bus depots ready as Delhi govt pushes for all-EV fleet by year-end

Four new bus depots are set to be inaugurated in Delhi as part of the government's plan to transition the entire public transport fleet to electric buses by the end of this year, officials said. A Transport Department official said construction work at the depots in Nangloi, Dwarka, Kohat Enclave and Rithala has been completed, and they are ready to be handed over. The depots are being prepared to park the new electric buses expected to arrive in the coming months and to support the charging infrastructure. The Delhi government has inducted over 3,500 electric buses in recent months, and the fleet is expected to expand to about 8,000 buses by the end of the year, the official said. The expansion will require additional parking space and charging facilities to support the growing electric bus fleet, officials added. At present, the city has more than 10 dedicated electric bus depots, including facilities at Rohini Sector 37, Rajghat, Nehru Place, Wazirpur, Burari, Mundela Kalan, ..

China's BYD set to overtake Tesla as world's top EV seller on annual sales

China's BYD is set to beat Tesla in global EV sales in 2025, driven by strong China demand and rising overseas sales, even as competition intensifies in key markets

BYD India increases price of its SUV SEALION 7 premium variant by ₹50K

Chinese electric vehicle maker BYD on Friday announced an increase in price of the premium variant of its SUV, SEALION 7, in India by Rs 50,000, citing evolving cost dynamics. The price hike is effective from January 1, 2026, and all new bookings will be made at the revised prices henceforth, BYD India said in a statement. The BYD SEALION 7 Premium variant will now cost Rs 49.4 lakh, up from Rs 48.9 lakh (ex-showroom) previously, it added. The company, however, said the price of the BYD SEALION 7 Performance variant will remain unchanged at Rs 54.9 lakh. "The updated pricing reflects the evolving cost dynamics while continuing to offer customers a compelling premium electric SUV proposition," BYD India Head of Electric Passenger Vehicles (EPV) Business, Rajeev Chauhan, said. Since its launch, the BYD SEALION 7 has sold over 2,300 units across India, reinforcing the growing acceptance and demand for premium electric SUVs in the market, he added.

e2W registrations rise 27.5% in December; TVS leads, others step up chase

Based on VAHAN numbers for December, TVS has taken a substantial lead over its rival Bajaj Auto by grabbing more than a fourth of the total e2W market

Auto registrations hit record 28 mn in 2025, EV sales steal the spotlight

India's vehicle registrations crossed 28 million in calendar year 2025 for the first time, driven by steady overall demand and strong growth in electric two-wheelers and passenger EVs

EV Policy 2.0: Delhi govt to meet five auto companies, Siam on Jan 2

Delhi Transport Minister Pankaj Kumar Singh has called a January 2 meeting with five automakers and SIAM on the draft EV Policy 2.0, even as broader consultations continue

Vehicle tax exemption for EVs to continue till Dec 2027 in TN: Minister

Tamil Nadu Industries Minister TRB Rajaa has said that the motor vehicle tax exemption for battery-operated vehicles in the state is to continue until December 2027, under the Tamil Nadu Motor Vehicles Taxation Act, 1974. Sharing the government notification in this regard, Rajaa said the decision taken by the Chief Minister M K Stalin reinforces the commitment to support EV adoption, affordability and manufacturing at scale. "This shows how pro-industry our government is," he said. "Tamil Nadu has extended 100 per cent motor vehicle tax exemption for all electric vehicles till December 31, 2027, aligning with our deep-rooted sustainability focus," he said in a social media post late on Tuesday. Observing that the adoption of battery-operated vehicles in Tamil Nadu touched 7.8 per cent in 2025, he said there is still a long way to go, especially in expanding charging infrastructure and making the entire supply greener. "This policy reduces cost for consumers while giving manufactur

Centre pulls subsidy as electric three-wheelers hit target under PM e-Drive

The government has pulled subsidies for electric three-wheelers under PM e-Drive after the segment reached its adoption target, with EV penetration at around 32%

India's EV penetration hinges on securing raw materials, key components

Rapid EV adoption has lifted sales, but India's dependence on imported minerals and components exposes deep supply chain vulnerabilities that could slow the electric mobility transition

CESL to float ₹9,000-10,000 crore tenders for 6,000 e-buses next week

CESL plans two tenders in early January 2026 for 6,000 electric buses under PM E-DRIVE, as bids for its 10,900-bus mega tender are opened and winners awaited

Focus is on e-buses as state modernises public transport: Dayashankar Singh

From EV bus expansion to airport-like terminals and rural connectivity, Uttar Pradesh is overhauling public transport to cut pollution and ensure every village has modern, affordable travel

EV resale: Automakers launch buybacks, battery health checks to win buyers

Car OEMs are going beyond the initial purchase, institutionalising battery health checks and resale benchmarks to ease depreciation and battery-life concerns for EV buyers

Ola Electric steps up deliveries of '4680 Bharat Cell' vehicles in 4 states

Ola Electric on Sunday said it has scaled up deliveries of its 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana, and Karnataka. The company has commenced deliveries across Coimbatore, Kochi, and Hyderabad, along with continued ramp-up in Bengaluru, Ola Electric said in a statement. The S1 Pro+ (5.2 kWh) is the first product powered by the company's indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety, it added. "Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum. With deliveries scaling across multiple states, we are now gearing up to take the 4680 Bharat Cell powered vehicles nationwide, reaching every corner of the country," an Ola Electric spokesperson said. With its own 4680 Bharat Cell battery packs in the vehicles, Ola Electric is now India's first company to fully own the cell and battery pack ..

High costs, complex R&D hindering electric motorcycles: NITI Aayog

Electric motorcycles remain stuck at negligible adoption in India as high R&D costs, tech limits and price sensitivity slow progress, says a NITI Aayog analysis

EVs help, but Delhi's air pollution problem needs more than adoption

It is equally important to recognise that Delhi is part of a shared air basin across the NCR. Policies for just Delhi can deliver limited gains

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