Page 2 - Electric Vehicles

Ather Energy rallies 14% in 2 days; what's driving stock to record highs?

In the past six months, Ather Energy's market price zoomed 136% and it skyrocketed 297% from its 52-week low of ₹422 touched on August 29, 2025.

Ather's capacity catchup could take another 3-4 quarters: CEO Tarun Mehta

The company has monthly demand of more than 50,000 units, while present supply capacity is around 35,000 scooters a month, Tarun Mehta told Business Standard

Ather Energy invests ₹500 crore to develop Konarc, new scooter platform

Electric two-wheeler maker Ather Energy on Saturday said it has invested over Rs 400-500 crore to develop its latest scooter platform EL and its first mass-market e-scooter Monarc. Earlier, the company launched Monarc at a starting price of Rs 99,999 (ex-showroom Bengaluru) in three variants, S100, S125 and S160, with a host of new features, with deliveries of the vehicle commencing from September. The company also said a 200 km version of Ather S and a feature-loaded Z version with a 125 km IDC (Indian Driving Cycle) range are also in the pipeline. The EL platform added the latest features like onboard charging, AeBS and 10,000km service intervals. "This would be the largest investment to date on a new product. I would say this will be an easy Rs 400-500 crore investment between the platform and the product (or) likely more," Ather Energy co-founder and CEO Tarun Mehta told PTI at the 4th edition of Ather Community Day hosted in Bengaluru on Saturday. The latest vehicle architec

Tata Motors gains EV market share as bookings triple in six months

Tata Motors Passenger Vehicles Ltd is gaining market share in the electric vehicle segment and has seen a three-fold increase in EV bookings over the last six months, even as production capacity is restricting its ability to fully capitalise on the strong demand, according to a senior company official. In an interview to PTI, Tata Passenger Electric Mobility Ltd, Chief Commercial Officer Vivek Srivatsa said, "If you see the last two three months, we are actually gaining market share every month. So it is the other way round, and in fact, in the last six months, the gap between us and the number two player has increased. And I would also publicly state that we had three 3x growth in bookings for EVs, and we are only restricted by our production capability". Tata Passenger Electric Mobility Ltd is a part of Tata Motors Passenger Vehicles Ltd Group. "I think consumers are increasingly confident of our products, and we have the widest product range, providing EVs to all kinds of differe

Expect demand for electric CV to remain strong: Tata Motors MD & CEO

Tata Motors Ltd expects demand for its electric commercial vehicles (CVs) to remain strong and continue to grow with a strong order book in place across segments, according to its Managing Director and CEO Girish Wagh. The company also expects supply chain bottleneck regarding cells imported from China that has impacted its Intra EV, to be resolved completely by the end of the ongoing quarter, he told analysts. "On EVs, the demand outlook is quite positive," he said. In the first quarter of the fiscal year, on the electric commercial vehicles front, Tata Motors had over 3,400 vehicle orders across segments, building on the momentum it saw in the second half of last year. In addition to that, Wagh said, "As a part of PM-eBus Sewa, there are a few more newer tenders which are also on the way. We are quite positive on that." He pointed out that the electric small commercial vehicles (SCV) pickup, which is completely in the retail market, is doing very well. "The TCO (total cost of .

Tata Motors PV unveils Tata.cars as new customer-facing brand identity

'Nothing's too far' becomes new brand promise as carmaker seeks sharper consumer identity following demerger; Tata.ev will continue for electric cars

India's EV market to reach ₹20 trn by 2030, will create 50 mn jobs: Gadkari

India's electric vehicle (EV) market is expected to grow to Rs 20 lakh crore by 2030, with the potential to create five crore jobs, Union Minister Nitin Gadkari said on Wednesday. Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration. "India's electric vehicle(EV) market will be worth Rs 20 lakh crore by 2030. It will also create five crore jobs by 2030," he said. The road transport and highways minister highlighted that India's two largest two-wheeler vehicle manufacturers, Bajaj Auto and Hero MotoCorp, export more than 50 per cent of vehicles they produce. Gadkari said there is demand for one lakh electric buses annually in India, but 'we are able to manufacture only 50,000-60,000 EV buses annually'. He said the government aims to make India's automobile industry number one in the world within five years. The future of the In

Hyundai Motor India partners Jio-bp to integrate EV charging networks

Hyundai Motor India Ltd on Tuesday said it has entered into a partnership with Jio-bp to integrate their respective EV charging networks and enhance charging accessibility for EV users across India. Jio-bp is the operating brand of Reliance BP Mobility Ltd, a joint venture between Reliance Industries and bp, and is a leading provider of EV charging services and solutions. Through this collaboration, EV customers will be able to discover, access and use Jio-bp pulse charging stations using the myHyundai app, Hyundai Motor India Ltd's (HMIL) integrated EV charging platform, further enhancing charging convenience and accessibility, the company said in a statement. With the integration of the Jio-bp pulse network, HMIL's EV charging ecosystem now provides access to over 37,000 charging points across India, while HMIL's high-capacity chargers will also be gradually integrated into the Jio-bp pulse charge pro app, it added. Commenting on the partnership, HMIL Executive Director and Funct

MATTER raises $25 million to expand manufacturing, launch four motorcycles

The deep-tech electric motorcycle maker will use the capital to scale capacity and distribution and broaden its product line with four launches over the next 12-24 months

Greaves Electric bets big on exports, eyes double-digit e2W market share

Greaves Electric Mobility aims to raise its electric two-wheeler market share above 10% as it expands products, distribution, exports and battery capabilities

People more likely to ditch cars for e-bikes when they feel safe, confident

A Western Sydney trial found that training, guided rides and social support were crucial in helping participants build confidence and use e-bikes more often for daily travel

Tesla recalls nearly 3 mn vehicles in China over door handle safety risks

Tesla and other Chinese carmakers are making a major recall of more than 4 million vehicles over safety concerns mostly related to their door handles, according to Chinese authorities on Friday. The US carmaker is recalling about 2.98 million China-made and imported EVs including Model 3, Model Y, Model X and Model S over door handle safety risks, according to China's State Administration for Market Regulation. The recall, the largest this year according to Chinese media, comes a few months after Chinese authorities said in February that starting next year, it would be banning hidden car door handles that are commonly seen on Tesla electric vehicles and many Chinese EV models. China has stepped up scrutiny recently on hidden, or flush, car door handles following EV accidents in the country and elsewhere, in which cars' hidden electronic doors failed and trapped people inside. In a notice on the Chinese regulator's website, it cited safety risk. In extreme situations, such as a seve

Kabra Extrusiontechnik skyrockets 181% from June low; hits 52-week high

Kabra Extrusiontechnik's share price hit a 52-week high of ₹575, soaring 9% on the BSE in Friday's intra-day deals. The stock has skyrocketed 236% from its 52-week of ₹171 hit on March 30, 2026.

PSBs propose 2% sub-target for climate finance under PSL framework

Public sector banks also seek higher lending limits for renewable energy projects and inclusion of electric vehicle financing under the priority sector lending framework

Ferrari's controversial first EV auctions for record $40 million

The model was designed with LoveFrom, the studio founded by Jony Ive, Apple Inc.'s former design chief and a key figure behind the iPhone and iMac.

Electric 2W rush hits supply roadblock as OEMs struggle to meet demand

Rising demand triggers high waiting period for major brands

MHI receives 20 bids for rare earth magnet manufacturing scheme

20 bids signal strong industry interest in India's ₹7,280-crore push to build domestic rare earth permanent magnet capacity and reduce import dependence

Yulu raises $93 mn in Series C funding round, targets 200,000 EV fleet

Electric mobility-as-a-service (MaaS) platform Yulu on Wednesday said it has raised USD 93 million in a Series C funding round to scale its fleet fourfold to 200,000 EVs over the next two years, expand its service hubs, deepen strategic enterprise partnerships and accelerate its listing plans. The funding comprises USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt, the company said. Securing this Series C capital is a validation of the company's business model, a massive headroom for demand, its execution capability, and the platform maturity it has built, said Amit Gupta, Co-founder & CEO of Yulu. "As we scale our fleet fourfold over next few quarters and launch high-capacity vehicle form factors, Yulu is positioned to remain the definitive backbone of India's urban hyperlocal mobility economy while transitioning seamlessly toward the public markets," he added. As a vertically integrated electric vehicle ecosystem spanning purpose-built hardware, ...

Govt extends PM E-DRIVE subsidy for e2Ws till FY28, allocates ₹1K cr more

Additional funding will extend incentives for electric two-wheelers until March 2028 as the government seeks to raise e2W penetration from the current 7.6 per cent to 9-10 per cent

Govt halves e2W subsidy to ₹5k, extends PM E-DRIVE scheme till March 2028

Electric 2-wheeler incentive halved to ₹2,500/kWh, capped at ₹5,000 per vehicle; overall scheme outlay remains unchanged at ₹11,900 crore