Page 3 - Electric Vehicles

India's EV components market set to surge 8x to ₹3.55 trn by 2032: Report

India's electric vehicle (EV) components market is expected to expand eightfold to around Rs 3.55 lakh crore over the next seven years, from Rs 41,000 crore in 2025, according to an industry report. This forecast comes from the newly released 'India Electric Vehicle & Components Market Overview Report' by India Energy Storage Alliance and Customized Energy Solutions (CES), released at the India Energy Storage Week 2026 event in New Delhi. The report pointed to the emergence of a dynamic domestic opportunity, as the EV component value chain becomes a central pillar in India's industrial and clean mobility ambitions, a statement said. Vinayak Walimbe, Managing Director, Customized Energy Solutions, said, "India's EV momentum is unmatched, powered by innovation and collaboration. Strengthening domestic supply chains will be central to our clean mobility success." The culmination of this week's industry dialogue took place at India Energy Storage Week (IESW) 2026 on Friday. The ...

Why critical minerals are becoming central to India's bilateral deals

As competition for critical minerals intensifies, India is strengthening partnerships with resource-rich nations to secure supplies needed for its clean energy, EV and semiconductor ambitions

Delhi-style EV policy across NCR may lift e-two-wheeler share beyond 30%

If Uttar Pradesh, Haryana and Rajasthan adopt Delhi's EV-only two-wheeler policy, electric two-wheelers could account for more than 30 per cent of registrations, based on FY26 trends

IRF urges Delhi govt to remove price cap for EV policy incentives

The International Road Federation (IRF) on Thursday urged the Delhi Chief Minister to remove the price ceiling on incentives under the Delhi Electric Vehicle Policy, stating that all EVs, regardless of their price, play an equal role in reducing pollution. At present, to qualify for the 100 per cent road tax and registration fee waiver, the vehicle's ex-showroom price must be Rs 30 lakh or below; electric cars priced above this cap receive no tax breaks, IRF said in a statement. In a letter to Delhi Chief Minister Rekha Gupta, IRF president emeritus KK Kapila commended the Delhi government for its proactive efforts in promoting electric mobility through attractive incentives and the expansion of EV charging infrastructure. Kapila, however, emphasised that restricting incentives to vehicles below a specified price limit may discourage the adoption of electric vehicles in several segments of the market. He suggested that the government extend EV incentives without any price ceiling s

Connected vehicles demand stronger cybersecurity and common standards

The ban on three Chinese-origin EV apps has exposed cybersecurity risks in connected vehicles, underscoring the need for robust standards like AIS189 and stronger digital safeguards

Mobility startup Milo Drive raises $2.4 million in a seed funding round

EV mobility platform Milo Drive has raised $2.4 million in a seed funding round led by Caret Capital to strengthen its technology platform and scale operations

Tata Motors PV charts 10-fold growth plan by FY31, targets 20% market share

Tata Motors Passenger Vehicles aims to sell more than 1.2 million vehicles annually by FY31, with EVs contributing over 30 per cent of volumes and EBITDA margins in double digits

India's EV penetration tops 12% for first time in June, led by e2Ws

India's EV market crossed 12 per cent of overall vehicle retail sales for the first time in June, driven by record electric two-wheeler sales and broad-based growth across segments

Centre asks OEMs to audit connected vehicles' software and devices

The Centre has asked automakers to audit connected vehicle software and battery systems after security flaws exposed electric vehicles to remote hacking risks

PM E-Drive scheme may get a longer run as EV makers seek support

Industry urges subsidy extension and PLI access to offset higher commodity prices

Statistics ministry expert panel seeks uniform energy data standards

The panel has recommended common end-use categories, conversion factors and product classifications to harmonise India's energy statistics and improve policy analysis

JSW MG Motor, Spinny partner to strengthen pre-owned EV ecosystem in India

JSW MG Motor India and used-car platform Spinny on Monday announced a partnership to strengthen the pre-owned electric vehicle ecosystem in the country. The partnership will aim to address several important factors, such as battery health, resale value, vehicle quality and long-term ownership assurance, that influence purchase decisions, particularly in the pre-owned market, said a joint statement. As electric mobility continues to gain momentum in India, building a strong and trusted pre-owned ecosystem will be critical to accelerating adoption, JSW MG Motor India Chief Commercial Officer Vinay Raina said. "Our partnership with Spinny enables us to extend confidence across the ownership lifecycle while making electric mobility more accessible, transparent, and rewarding for customers," he added. Spinny Founder & CEO Niraj Singh said, "Through our partnerships, we are working to address some of the most important barriers to EV adoption, from battery health transparency and resale

EV startups seek level playing field under PLI scheme; knock on govt's door

Ather, Euler Motors, River Mobility, Matter and Raptee urge the government to extend PLI benefits to new-age EV firms, citing investments, exports and manufacturing growth

JSW MG Motor may hike Windsor localisation over 70% to cut supply risks

JSW MG Motor India is looking to increase localisation level of its flagship electric vehicle Windsor to over 70 per cent to reduce supply chain risks as it eyes a double-digit overall sales growth in 2026, according to company Managing Director Anurag Mehrotra. The Windsor EV, which has crossed cumulative wholesales of 75,000 units in 21 months since launch in October 2024, has become the company's growth driver. "As demand for Windsor continues to grow, we are focusing on increasing the localisation levels to over 70 per cent to reduce supply chain risks. The MG Windsor will continue to be one of our flagship products, enabling us to target a double digit growth by the end of this calendar year," Mehrotra told PTI. In 2025, JSW MG Motor India clocked total sales of 70,554 across its models. In June this year, Windsor clocked sales of 4,056 units. In the past 21 months it has clocked an average monthly sales of 3,700 units per, thus becoming a growth driver for the company. It is

Electric two-wheeler demand charges ahead as factories play catch-up

Manufacturers line up 3 million units of new capacity to close supply gap

Govt orders removal of apps used to remotely shut down e-vehicles

The government has ordered app stores to remove BAT-BMS, Lossigy and Epoch-i-ion after videos showed they could be used to remotely disable electric vehicles, citing cybersecurity concerns

Delhi EV Policy to be implemented entirely via portal: Transport Minister

The new electric vehicle (EV) policy will be implemented entirely through an online portal with real-time monitoring, Transport Minister Pankaj Singh said on Thursday. Singh held a review meeting with transport department officials and finalised the operational guidelines of the Delhi Electric Vehicle Policy 2026 approved earlier this week. "Through the dedicated online portal, approvals of vehicle models, processing of purchase and scrapping incentives, and exemptions for eligible vehicles will be handled in a completely digital and time-bound manner with clearly defined responsibilities and accountability," Singh said in a statement. Singh asked the officials to adhere to prescribed timelines so that approvals, incentives and exemptions are processed transparently and in a time-bound manner. The operational guidelines include a single-window portal for approval of eligible EV models, submission and processing of purchase and scrapping incentive applications, exemption from no-ent

Electric trucks next priority after e-2Ws, says PMO's Tarun Kapoor

Tarun Kapoor says Delhi's move to allow only electric two-wheelers from 2028 sends the right signal; Centre may consider more support for e-trucks if PM E-Drive gains momentum

MEIL passenger car foray enters final lap, EV joint venture soon

Hyderabad-based Megha Engineering & Infrastructures is expected to announce an electric vehicle joint venture in the coming months as it prepares to enter the passenger car segment

Improving incentives: Delhi's new EV policy needed more efficiency

Delhi's EV Policy 2.0 aims to accelerate electric mobility, but its success hinges on charging infrastructure, clean power and coordinated action across the NCR