Page 7 - Electric Vehicles

Ferrari bets on €500,000 EV Luce amid uncertain sports car demand

Former Apple designer Jony Ive's studio LoveFrom was involved in developing the Luce, which sources describe ‌as a large car with a look distinct from Ferrari's usual models

Ola Electric eyes sharp Q1 rebound as registrations cross Q4 levels

Ola Electric is on track to nearly double quarterly volumes in the June quarter, with registrations in the first quarter of FY27 already surpassing the company's entire Q4 FY26 tally on the VAHAN vehicle registration portal, signalling a sharp recovery in demand after a weak March quarter. According to VAHAN data, Ola Electric has recorded about 22,600 registrations so far in Q1 FY27, exceeding the 22,221 units registered in Q4 FY26 with around 40 days still remaining in the quarter. The rebound follows what the company previously described as a low-volume quarter marked by an operational reset and service stabilisation efforts. Ola Electric has guided for 40,000-45,000 orders and consolidated revenue of Rs 500 crore to Rs 550 crore in Q1 FY27, implying a near doubling from Q4 levels if current registration trends continue through June. Founder and chairman Bhavish Aggarwal said during the company's post-results call that registrations had risen from around 10,000 units in March to

West Asia conflict: EV cost edge sharpens amid rising fuel prices

Petrol, diesel have seen cumulative hike of ₹5 per litre in May

Hero MotoCorp eyes stronger market lead on new launches, e-scooter sales

Two-wheeler maker Hero MotoCorp is confident of strengthening its leadership with a double-digit growth in FY27, during which it expects to launch over 12 new products, according to its CEO Harshavardhan Chitale. The company sees its scooters, which have witnessed strong demand for both internal combustion and electric versions, as one of the 'growth vectors' and expects over 50 per cent of its overall scooter sales to be electric by 2030, Chitale told PTI in an interview. With low emission powertrains emerging as a trend across the industry, he said, Hero MotoCorp is also working on a variety of options "to stay ahead of the curve" as a market leader. "So far we are leading, and we hope we continue to do so going forward," he said when asked if Hero MotoCorp is ready to defend its leadership position as competition intensifies in the Indian two-wheeler market. While declining to comment on competitors, Chitale said,"We will stay focused on doing what's right for the customer. We s

West Asia war hasn't hit output, demand: Honda Cars India CEO Nakajima

Honda Cars India says West Asia conflict has caused supply-chain and logistics issues but has not affected production or consumer demand in India

Odisha mandates EV purchases for all govt departments from June 1

Odisha government mandates electric vehicle purchases for all departments from June 1 as part of austerity and fuel-conservation measures amid global crude concerns

Honda to launch over 10 new models in India by 2030, including EVs

Japanese automaker Honda plans to drive in over 10 new models, including electric vehicle and compact SUV by 2030 in India, one of the three key markets it has identified for its future growth plans, according to a senior company official. Honda Cars India Ltd (HCIL) on Friday launched the new version of its popular hybrid sedan City with introductory prices starting at Rs 11.99 lakh while also unveiling its premium SUV ZR-V in India. It will launch its first full electric vehicle in the second half of the ongoing fiscal in the country, HCIL President and CEO Takashi Nakajima told reporters here. "Recently we announced that we will be launching new models under two categories, that is, under 4 metres and the midsize category. Last time, in Japan, we mentioned ten (models) but currently, we are counting more than ten (models)," Nakajima said when asked how many new models Honda planned to launch in India going forward by 2030. In the ongoing fiscal, HCIL plans a total of six launche

Global OEMs, new homegrown player seek 5% GST benefit for REEVs

Global automakers want India to extend concessional EV tax rates to range-extended electric vehicles, arguing the technology can ease range anxiety during the EV transition

Uber, JSW Group team up to develop EVs for India's ride-hailing market

Partnership will focus on developing and deploying locally tailored electric vehicles as Uber expands its electric mobility push in India

Maruti Suzuki Chairman R C Bhargava puts biogas ahead of hybrids

Cleaner fuel deserves stronger incentives, says Bhargava

Tata Power EV arm expands charging network on Delhi-Mumbai Expressway

Tata Power on Wednesday said its arm Tata Power EV Charging Solutions has expanded the ultra-fast EV charging network in collaboration with Indian Oil Corporation on the Delhi-Mumbai Expressway. As part of the collaboration, Tata Power EV Charging Solutions Ltd (TPEVCSL) has established ultra-fast EV charging stations at the 63rd and 69th milestones on the Haryana stretch of the expressway, a statement said. As part of its expansion on the expressway, TPEVCSL has inaugurated a 240 kW ultra-fast EV charging station with four charging guns at the 63rd milestone for vehicles travelling from Delhi. The company has also installed another EV charging station at the 69th milestone on the opposite carriageway, enabling charging access for travellers commuting in both directions. With the ability to support multiple vehicles simultaneously, the stations will cater to both personal and commercial EV users. Tata Power has expanded its EV Charging network under the brand name of EZ Charge to

Ola Electric Q4 loss narrows as revenue drops 57% amid reset strategy

The electric-scooter maker said FY26 was a reset year focused on improving operations, margins and cell manufacturing, even as revenue remained under pressure

ICRA projects 3-5% growth in domestic two-wheeler volumes for FY27

Credit rating agency says domestic two-wheeler wholesale volumes may grow 3-5% in FY27, while exports and electric vehicle demand continue to support the industry

FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV

The Finance Ministry on Monday urged public sector banks and financial institutions to adopt austerity measures and shift to electric vehicles, following Prime Minister Narendra Modi's appeal. Last week, the Prime Minister made an appeal to citizens for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy, emphasising that the Centre is trying to shield people from the adverse impact of the West Asia conflict. The Department of Financial Services, in a circular issued to public sector banks (PSBS), regional rural banks (RRBS), public sector insurance companies (PSICs) and financial institutions (PSFIs), urged them to reduce expenses on travel and the adoption of electric vehicles (EVs). Austerity measures would be implemented with immediate effect, the Department of Financial Services under the Ministry of Finance said in the circular. All meetings, reviews and consultations should be conducted through video ...

Govt directs state-run banks, insurance firms to cut costs, shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

Tata Motors PV sees profitability in electric vehicles, reduced costs

The company said falling battery costs, localisation and tighter emission norms for petrol and diesel vehicles are steadily improving the long-term economics of electric vehicles

JLR may retain ICE models longer in US amid high tariff, EV market shifts

Jaguar Land Rover said changing market dynamics and tariff pressures may require it to keep internal combustion engine vehicles in its US portfolio for longer

Why two- and three-wheeler EV startups are pushing for PLI scheme inclusion

Why startups in two- and three-wheeler EV space have escalated their demand for PLI inclusion

HrdWyr raises $13 mn to scale AI-native chips for edge devices globally

The Indian semiconductor startup is developing AI-native processors for appliances, EVs and industrial systems that process data closer to where it is generated

With India stuck in ICE age, China set to lead electric 2W export race

China is rapidly capturing global electric two-wheeler markets, while India risks missing a major export opportunity despite its dominance in ICE segments