Ev Market

Eyeing EV top spot, Maruti to set up 100K charging points, launch new range

Maruti Suzuki India on Tuesday said it aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment. The auto major, which is gearing up to introduce its first electric vehicle model e Vitara next year, plans to set up around 1 lakh charging stations by 2030 in partnership with its dealer partners and charging point operators. "Aligning with our parent company, Suzuki Motor Corporation's vision, we will be launching many more electric vehicles across body types and segments in the coming years," Maruti Suzuki India MD and CEO Hisashi Takeuchi said in an event here. In line with this vision, by 2030, the company aims to establish a network of over 1 lakh charging points in partnership with dealers and charge point operators, he added. "We will be the leader in electric mobility in the country, and as a market leader, all our efforts will be to make EV adoption easier for all our ...

Lack of PLI forcing us to delay launches, says Ather CEO Tarun Mehta

Ather Energy is now the third-largest e-scooter maker by volume and No. 1 by revenue, but warns that the PLI policy's exclusions are delaying launches and hurting innovation, says Mehta

Hitting a speed bump: Carmakers raise concerns over EV scheme rules

Automakers told the Heavy Industries Ministry that high investment thresholds, tough localisation rules, and pending India-EU FTA talks are deterring participation in the EV promotion scheme

Blue Energy plans an electric invasion in trucks on routes below 500 km

Blue Energy Motors plans ₹3,500 crore push to electrify short-haul trucking with 1,200 battery-swapping stations and "energy-as-a-service" model to rival diesel costs

Hinduja Group to invest Rs 20,000 cr in Andhra across energy, EV sectors

Diversified conglomerate Hinduja Group has agreed to invest Rs 20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday. Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. "An agreement of Rs 20,000 crore investment in phases was signed between the Andhra Pradesh government and the Hinduja Group to expand its investments in the state in a phased manner," said a government release. As part of the pact, the Hinduja Group will enhance the capacity of the Visakhapatnam power plant by 1,600 MW and set up solar and wind energy projects in the Rayalaseema region. The group will also establish an electric bus and light commercial vehicle manufacturing plant at Mallavalli in Krishna district to boost the state's EV ecosyste

BYD's $100 billion EV success turns into a $10 billion cash outflow problem

Despite record EV sales and more than $100 billion in revenue, BYD is burning billions in cash as tighter competition, slower model upgrades and rising costs squeeze its margins at home and abroad

India must work with China on EV tech for 5-10 years: Uno Minda chair

Since April this year, China has restricted the export of rare-earth permanent magnets (REPMs) to India, hitting production in the domestic automobile industry

UP to offer EV incentives only to locally manufactured vehicles from Oct 14

Starting October 14, Uttar Pradesh will provide EV incentives only to vehicles that are manufactured, sold, and registered within the state, aiming to boost local production and employment

Automakers may form pool to meet CAFE norms under BEE draft rules

BEE has issued draft CAFE-3 and CAFE-4 norms allowing automakers to pool fleets with up to two others for compliance, with penalties falling on the designated pool manager

Ultraviolette plans IPO by FY28, launches radar-integrated EV bike X-47

Bengaluru-based Ultraviolette plans an IPO by FY28 after unveiling the X-47 Crossover, the world's first radar-integrated electric motorcycle, priced at Rs 2.49 lakh

Aiming to reach Rs 400 crore revenue in FY26: Euler Motors founder

Founder & CEO Saurav Kumar says the firm will expand to 100 cities, launch affordable EVs, and ramp up production as it eyes doubling revenue to Rs 400 crore in FY26

China's EV boom burdens auto insurers with mounting, chronic losses

Over the past year, some Chinese insurers have hiked premiums or backed away from selling EV policies, leaving vehicle owners struggling to find affordable coverage

Ather crosses 500 experience centres, eyes 700 by FY26 amid demand

Ather Energy has crossed 500 experience centres across India and plans to expand to 700 by FY26 as its Rizta scooter drives growth in metros as well as tier 2 and 3 cities

Rare-earth squeeze puts electric two-wheeler firms, suppliers at odds

OEMs seek temporary exemption to keep subsidy and avoid shutdowns

Simple Energy develops India's first heavy rare earth-free EV motor

Simple Energy has started commercial production of heavy-rare-earth free EV motors, achieving 95 per cent localisation as it eyes a $350 million IPO in FY27

India tests alternate EV motors as China tightens rare earth exports

Seven Indian automakers are reviewing the motors, and if cleared, production could begin within a year, well ahead of an initial 2029 target

Hinduja Group to invest ₹7,500 cr in TN, AstraZeneca to expand GITC

The Hinduja Group will target cell and battery manufacturing for Tamil Nadu's EV ecosystem, while AstraZeneca will invest ₹716 crore to expand its Chennai innovation and tech centre

EV makers relieved as GST Council retains 5% tax on electric cars

The GST Council's decision to retain the 5% tax rate on electric vehicles (EVs) reassures manufacturers, but competition from small petrol and diesel cars with lower taxes looms

₹950 crore subsidy to boost EV adoption, infra expansion in Uttar Pradesh

The state registered sales of about 370,000 electric vehicles in FY25, ahead of Maharashtra (240,000), Karnataka (170,000) and Tamil Nadu (132,000)

Tata Motors seeks govt help to ease electric vehicle raw material sourcing

Says that battery localisation remains a challenge