Page 9 - Electric Vehicles

War anxiety boosts E2W sales, penetration at 9.7%: Ather CBO Phokela

Fuel price fears amid West Asia tensions push electric two-wheeler penetration to 9.7%, as fence-sitters shift to EVs

JSW MG Motor India to hike prices by up to 2% on select models from April 1

JSW MG Motor India on Monday said it will hike prices of select models by up to 2 per cent from April 1, 2026, to offset rising input costs. The price hike will be on the company's mainline portfolio and will not include premium EV products -- MG M9 and Cyberster -- sold through MG Select channel. "This price revision is aimed at partially offsetting the impact of continuously rising input costs," JSW MG Motor India said in a statement. At present, the company sells a range of internal combustion engine (ICE) and EV vehicles under its MG portfolio, from the Comet EV priced at Rs 4.99 lakh plus Rs 3.2/kmw for battery subscription and Rs 38.33 lakh for the top-end SUV Gloster.

BYD sees EV exports beating target by 15% as overseas demand drives growth

BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker

How China's subsidy rollback has hit EV unicorn BYD's annual profits

Withdrawal of state support and an intensifying price war are squeezing BYD's margins and sales, forcing the EV major to rely on exports to sustain growth

2 years on, automakers still waiting for govt to clear FAME-II dues

EV manufacturers face potential financial impact as unspent subsidy allocations risk lapsing by the March 31

JSW Motors partners Dassault to accelerate EV design and manufacturing

JSW Motors has partnered Dassault Systemes to deploy a digital platform to accelerate EV design, engineering and manufacturing as part of its broader automotive push

Shift away from oil-based fuel to electricity: MHI tells auto sector

Ministry advises automakers to cut oil-based fuel use, optimise production and explore alternatives amid supply constraints triggered by West Asia conflict

VinFast mulls retail expansion in India; plans 75 outlets by end-2026

EV maker aims to expand presence across metros and emerging markets, strengthening retail network and ecosystem to boost adoption of electric mobility in India

Sony Honda Mobility cancels EV development project, to refund early buyers

Sony Honda will issue full refunds to those who have made reservations for what was to be its first model, the Afeela 1, in California

Euler Motors raises ₹437 crore in Series E round led by Lightrock

Euler Motors has raised Rs 437.5 crore in a Series E round led by Lightrock, along with Rs 250 crore in debt, to expand capacity and scale operations

New income-tax rules 2026 notified: What changes for your salary, HRA, EV perks and compliance

India has notified the Income-tax Rules, 2026 ahead of April 1 rollout. From EV tax perks and expanded HRA benefits to tighter crypto reporting and no change in tax slabs,

A first: Two-wheeler sales cross 20 million in FY26, shows VAHAN data

But electric penetration lags NITI Aayog's targets

JSW MG Motor bets on non-metros to accelerate sales of EV Windsor

With 70 per cent of its best-selling electric vehicle model Windsor coming from non-metros, JSW MG Motor India is stepping up efforts to accelerate sales by leveraging the opportunity through increased awareness, according to a senior company official. The MG Windsor has clocked cumulative sales of about 65,000 units since its launch in October 2024. Of the total sales of the model, four metros -- Delhi, Mumbai, Kolkata, and Chennai accounted for 30 per cent and rest of India contributed to 70 per cent. Commenting on the trend, JSW MG Motor India Chief Commercial Officer, Vinay Raina said EV sales were initially concentrated in metro cities, largely due to limited awareness and the absence of products that truly appealed to the masses. "The introduction of the MG Windsor changed this dynamic and became a key enabler of rapid EV adoption in non-metro cities. It was the right product at the right time -- encouraging customers in these markets to experience a sustainable driving option

India's EV transition on right track, but miles to go, say experts | BS Manthan

Range anxiety, inadequate charging infrastructure, charger uptime and maintenance gaps, battery degradation worries, evolving safety standards, and high utilisation stress in commercial vehicles

Ather Energy rallies 6%, nears record high; what's driving EV-2W stock?

Analysts believe Ather has strong credentials to get included under the PLI scheme as it is the leading EV-2W startup in India with a strong focus on engineering and R&D.

EVs avoided the use of 2.3 million barrels of oil per day in 2025

Two- and three-wheeler vehicles now make up the bulk of avoided road fuel use due to the fast rise of electric motorbikes, especially in developing nations

Ather Energy doubles service network to 500 centres across India

Ather Energy expands its service network to 500 centres across India, nearly doubling capacity to support growing EV adoption and strengthen after-sales service infrastructure

EV policy boost: Nomura sees gains for Tata Motors, M&M, Ather, Sona BLW

The latest recommendations by the Parliamentary Committee on EV policy reforms (PM E-DRIVE) could boost Tata Motors, M&M, Ather, and Sona BLW, said analysts at Nomura

PM E-DRIVE rules eased; e-bus, e-truck firms can import motors till Aug-end

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31. In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers. The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026. The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...

Honda's costly EV gamble raises questions about automaker's future

Long known for spunky and innovative vehicles, Honda has had trouble in recent years living up to that reputation, nowhere is that more the case than in the US, by far its largest revenue generator