Page 9 - Electric Vehicles

Electric vehicle retail sales up 45% in May; ePVs and e2Ws drove adoption

India's EV sales surged 45% to a record 2.72 lakh units in May, pushing overall EV penetration above 11% for the first time amid rising fuel costs

BMW bets on localisation, Tier-2 expansion to double MINI sales in India

The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio

Refex Mobility crosses ₹100 cr revenue mark, posts 2.5x growth in FY26

Refex Mobility, which provides all-electric vehicle-based mobility solutions to corporates, on Monday said it has crossed the Rs 100 crore revenue milestone in FY26. The clean mobility arm of Refex Industries Ltd has reported a total income of Rs 103.2 crore in FY 2025-26, reporting a "2.5x growth", according to a statement issued by the company. "The company completed more than 1.5 million trips across the enterprise and executive mobility segments, during the year, reflecting both growing scale and improving platform economics," it said. Besides, Refex Mobility also expects to achieve operational breakeven by FY2027-28. Within three years of operations, Refex Mobility has scaled its operating fleet size to over 1,750 vehicles across five major cities. It serves more than 70 enterprise clients across sectors, it added. In FY26, it launched a fast-growing app-based cab rental business and expanded operations into the Delhi-NCR region. The company introduced an asset-light model,

India's auto retail sales reach record high in May, EV share tops 11%

India's automobile retail sales grew 9.55 per cent to a record 25,31,067 units in May, while EV penetration crossed 11 per cent for the first time, as dealers saw a surge in enquiries for fuel-efficient and green vehicles after last month's fuel price hikes amid the West Asia crisis, FADA said on Monday. The cumulative automobile retail sales in India stood at 23,10,451 units in the same month last year. According to the Federation of Automobile Dealers Associations (FADA), the figures reflect the best May performance ever recorded across commercial (CV), passenger vehicle (PV) and the overall EV penetration. "A notable feature of the month was the consumer response to May fuel-price revisions: dealers reported a visible rise in enquiries for fuel-efficient and alternative-powertrain options, reflected in the two-wheeler EV share climbing to 9.25 per cent from 6.11 per cent a year ago," FADA stated. Passenger vehicles retail sales were at a record 4,02,591 units last month as compa

Can Vietnam's Green SM make India's all-electric cab model work?

Vietnam-based mobility company Green SM on Friday launched its electric taxi service, Green SM Limo, in Delhi-NCR, marking Vingroup's entry into India

Ather Energy shares zoom 82% from Jan low; what's driving the rally?

In the past one year, Ather Energy shares have appreciated by 240 per cent, as against 4 per cent decline in the BSE Sensex.

VinFast to erickshaw startups: New entrants reshape Indian EV landscape

India's automobile sector saw 480 new entrants in FY26, up 37 per cent year-on-year, with electric vehicle makers dominating registrations across categories amid policy support

Services, digital business emerge as drivers of TaMo CV arm's earnings

Iveco seen as technology and global expansion platform; EVs and hydrogen remain central to future strategy

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

Vingroup's Green SM enters Indian taxi market with electric cars

In the first phase, Green SM will operate its services - using VinFast's Limo Green model - in key areas of the National Capital Region (NCR), its statement noted

Hyundai sees Tamil Nadu as flagship EV hub; plans to strengthen ecosystem

HMIL plans to deepen localisation, boost procurement from Tamil Nadu suppliers, create 2,000 jobs and roll out two new models, including its first mass-market EV

Centre plans ₹3,000 cr incentive outlay to boost lithium, nickel processing

Nickel and lithium are critical to India's EV ‌supply chain, especially when it comes to batteries, as New Delhi targets 30 per cent ​electric ‌car penetration and 80 per cent for two-wheelers by 2030

Tata Motors planning to license China's Chery for premium EV push

India's biggest electric carmaker, will use Chery's platform to locally build EVs under ​its premium Avinya brand with plans ‌for at least two ​cars, ‌the first of which will ‌be launched in 2027

Odisha caps official EV costs, weighs centralised vehicle management policy

The state has fixed procurement ceilings for official electric vehicles and is considering a centralised system to manage contractual vehicles and accelerate fleet electrification

The 30 GWh road map: JSW locks in $1.3 billion Li-ion cell plant plan

JSW Group plans a 30 GWh lithium-ion cell plant with a joint venture partner, investing over $1.3 billion to localise battery production for its new energy vehicle business

Fuel price rise drives spike in electric vehicle penetration in May

Rising fuel prices and the Strait of Hormuz disruption push EV adoption higher, with electric two-wheeler penetration crossing 9% in May

EV bookings jump 2.5x since West Asia conflict: TaMo MD Shailesh Chandra

Higher ethanol blending beyond E20 may reduce fuel efficiency, increase component wear, he added

Battle of Indian carmakers heats up as JSW Motors plans Diwali debut

JSW Motors plans a Diwali brand launch, targeting India's premium NEV market with multiple models and aggressive localisation plans

How to prevent rejection of EV insurance claim: Key precautions to take

As EV adoption rises, insurers warn that improper charging, unauthorised modifications, and delayed reporting can lead to claim rejection

V-Green, ChargeZone partner to build EV charging infra for VinFast India

Vietnam-based Vingroup's EV charging arm V-Green on Thursday announced it has entered into a strategic partnership with ChargeZone to jointly develop dedicated EV charging infrastructure for VinFast customers across India. The co-branded EV charging network will support VinFast's India expansion. The first 15 charging stations under this collaboration have already been commissioned and made operational. As part of the next phase of expansion, nearly 100 additional co-branded charging stations are planned for deployment over the next six months, extending the network's reach to key locations across the country. The collaboration marks VinFast's first co-branded charging partnership with a Charge Point Operator (CPO) in India, and reflects a growing deeper integration between EV manufacturers and charging infrastructure providers. "The co-branded charging network is designed to address one of the most important factors influencing EV adoption today: dependable and accessible charging