Electronic Vehicles

Sona Comstar profit grows 47% to ₹178.5cr in Q1FY27, revenue jumps 52%

Auto component maker Sona Comstar on Thursday reported a 47 per cent year-on-year growth in consolidated profit after tax at Rs 178.51 crore in the June quarter of FY27. The company had posted a consolidated PAT (profit after tax) of Rs 121.70 crore in the first quarter of FY 26, according to a regulatory filing. Revenue from operations during the reporting quarter rose 52 per cent to Rs 1,301.20 crore from Rs 853.90 crore recorded in June last fiscal, the filing said. Revenue share from Battery Electric Vehicle (BEV) vertical was recorded at an all-time high of 44 per cent in Q1 FY27, while the overall revenue from the segment grew strongly by 107 per cent, the company said in a statement. "Despite continued weakness in the US EV market, we delivered our highest-ever quarterly revenue; BEV revenue and BEV revenue share (in Q1). We also secured new business across EV, hybrid and ICE powertrains, spanning India, Europe and North America and nearly every product category in which we

CAFE-2 penalty waiver: Relief for automakers or setback to India's EV push?

The government has waived ₹2,700 crore in CAFE-2 penalties for some PV manufacturers. Does the step offer a practical reset for automakers, or weaken one of India's key tools for cleaner mobility?

Salary hikes may moderate in FY27. These sectors will still pay more

While overall pay hikes are set to cool in FY27, demand for specialised skills is expected to keep salary growth strong in EVs, fintech and healthcare

BaaS lowers entry cost of EV ownership, but may not always be cheaper

Battery as a Service reduces the upfront cost of buying an electric vehicle, but recurring payments, contract terms and resale concerns mean it works best for users with moderate distance driving

EV maker Simple Energy plans FY28 IPO; eyes ₹3,000 cr revenue by FY30

Bengaluru-based electric two-wheeler maker raises Rs 250 crore in Series B funding and plans capacity expansion as it targets a public listing in the second half of FY28

Despite a strong March, electric vehicle makers keep discounts high

Aggressive discounting persists in the EV market as automakers juggle inventory, competition, and evolving buyer expectations

Ola Electric's April enrolment up 20% despite dip in 2W EV market

Company bucks 22% industry decline in April with strong MoM growth, driven by improving operations, customer confidence and rising demand for its expanding EV portfolio

Asia-Oceania emerging auto industry's centre of gravity: Shailesh Chandra

Asia-Oceania leads global vehicle growth and demand, consolidating its role as both manufacturing hub and consumption market, amid uneven recovery across Europe and the Americas

Switch Mobility completes India's largest electric bus export to Mauritius

Switch Mobility has delivered 100 electric buses to Mauritius under a government-backed initiative, marking India's largest such export and advancing clean public transport in the island nation

Royal Enfield's EV brand Flying Flea launches first motorcycle C6

C6 marks Royal Enfield's entry into electric mobility with a connected neo-vintage motorcycle, offering advanced tech, urban performance and phased rollout

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

Delhi govt eyes private push to expand EV infra ahead of policy rollout

In a bid to strengthen the EV infrastructure, the Delhi government is likely to urge vehicle manufacturers to set up charging stations under its new EV policy, a senior government official said on Friday. With the existing electric vehicle (EV) policy set to lapse by March-end, the government plans to finalise and notify the revised policy by then, looking to table the policy in the upcoming budget session. "We have asked around 400 venders and vehicle-makers to explore setting up EV charging stations, and the Delhi government will provide all required assistance," an official said. With its pollution-control action plan promoting greater adoption of electric vehicles, the Delhi government plans to add 7,000 EV charging stations across the city. Currently, EV charging stations are mostly situated at Namo Bharat and Delhi Metro stations, and set up by power discoms. Delhi has around 8,800 EV charging stations at present, according to official data. Now, the Delhi government plans t

India plugged in too late, nears bottom in 2025 ePV rankings, shows data

India ranks 47th in global ePV adoption in 2025 with just 4% penetration, far from its 2030 target, as infrastructure and policy gaps slow EV momentum

EV retail sales expand in January, with gains across PVs and two-wheelers

India's EV retail market expanded in January 2026, with passenger vehicles and two-wheelers posting strong year-on-year growth amid rising demand, FADA data showed

UP delegation to position state as EV manufacturing hub at Davos

UP State Roadways Transport Corporation (UPSRTC) is keen to convert its fleet of nearly 12,000 buses to EVs in the coming years

BMW India bets on first-time luxury buyers to expand mkt as EV sales surge

BMW Group India clocks record 18,001 car sales in 2025, driven by first-time luxury buyers and a sharp surge in electric vehicle demand

EV retail gathers pace in 2025: PVs lead, 2-wheelers cross 1.2 million mark

Electric passenger vehicle retail rose to 176,817 units in CY25, up from 99,875 units in CY24, translating into growth of 77.04 per cent, according to FADA data

Delhi to get three automated vehicle testing stations by March 2026

Delhi will soon have three new automated vehicle testing stations, with the government planning to make two of them operational by March, officials said. The facilities are coming up at Burari, Nand Nagri and Tehkhand. According to officials, work is nearing completion at the Nand Nagri station, which will be Delhi's first automated vehicle testing centre and will have an annual capacity of around 72,000 vehicles. The fully digital unit will operate without human intervention to ensure transparent and timely efficient fitness certification. The foundation stone of Delhi's second fully automated station, with a capacity of 73,000 vehicles annually, was inaugurated at Tehkhand in November. The government has floated a tender for carrying out electrification work at this station at an estimated cost of Rs 21.28 lakh, they said. Work is likely to begin soon and will be completed in three months, the official added. The existing inspection and certification centre at Burari is being ..

VinFast Auto partners with SBI to provide car loans for EV buyers

VinFast Auto India on Friday said it has joined hands with State Bank of India to facilitate loans for customers. The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker's first product rollout in the country. The collaboration allows the automaker to leverage State Bank of India's extensive pan-India network of nearly 23,000 branches to reach customers across urban and emerging markets alike, Vinfast Auto said in a statement. "This partnership will not only offer convenient and competitive financing solutions, but also extend the brand's presence to a broader audience, enabling a seamless and holistic EV ownership journey," VinFast Asia CEO Pham Sanh Chau said. VinFast, a subsidiary of Vietnam-based Vingroup JSC, is gearing up for the launch of its VF 6 and VF 7 models in India.

The EV revolution throws up new challenges for govt, auto sector

The growth of EVs offers some challenges to both the Indian automotive industry and, more broadly, the government