Electronic Vehicles

Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track

Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing

L&T bets ₹5,000 crore to become Tier-1 supplier in auto electronics market

Engineering major will invest over five years in EV motors, ADAS and connected-vehicle technologies, targeting a fast-growing market dominated by global players

No tax on EVs up to Rs 30 lakh in Haryana; women get 1% rebate too

The Haryana Cabinet has exempted electric vehicles priced up to Rs 30 lakh from motor vehicle tax at registration, while offering a 1 per cent rebate on vehicles bought in women's names

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