Ev Market

TaMo races to expand EV capacity; Sierra launch adds to supply pressure

Harrier EV demand is nearly double current production capacity as Tata Motors targets monthly output of 70,000 vehicles with expanded manufacturing and supplier ramp-up

Home charging fulfills 90% of India's EV energy demand, finds study

India's EV transition is being driven by light electric vehicles (LEVs), with two- and three-wheelers accounting for about 90 per cent of EV sales in 2025

High oil prices drive surge in Chinese EV sales, charging networks lag

Iran war-driven fuel price surge accelerates EV adoption across Asia and Africa, boosting Chinese automakers while exposing major gaps in charging infrastructure

Electric two-wheeler price hikes on anvil as PM E-Drive nears target

Electric two-wheeler makers prepare for the end of PM E-Drive incentives as subsidy allocations near exhaustion, raising the prospect of higher scooter prices

Bengaluru-based rapid EV charging firm Exponent Energy raises ₹200 crore

The Bengaluru-based energy-tech company will use the fresh capital to expand into new cities and vehicle categories while strengthening research and development capabilities

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

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

Ola Electric Q4 loss narrows as revenue drops 57% amid reset strategy

The electric-scooter maker said FY26 was a reset year focused on improving operations, margins and cell manufacturing, even as revenue remained under pressure

PM Modi's EV push lifts industry confidence, but policy gaps persist

India's EV industry sees stronger momentum after Prime Minister Narendra Modi renewed his push for electric mobility amid rising sales and infrastructure growth

Tesla bets on ecosystem-first strategy to unlock India EV market

Tesla is prioritising charging, service and ownership ecosystem in India before scaling volumes, aiming to overcome structural barriers in the nascent EV market

Ola Electric unveils S1 X+ amid market share pressure, rival gains

Ola Electric has launched the S1 X+ scooter with a 5.2 kWh battery, aiming to expand reach in the mass market amid declining market share and rising competition

Govt finalising policy to build domestic critical minerals value chain

Policy aims to build domestic processing capacity for critical minerals, reduce import dependence and strengthen supply chains for EV batteries and manufacturing

EV fleet operator TrEV raises ₹3.65 crore in maiden funding round

After the fresh funding round, the founder will hold an 86 per cent stake in the company

West Asia conflict: Bajaj Auto, Ather Energy raise prices as costs jump

Bajaj Auto and Ather Energy raise prices as metal costs surge, passing on war-driven input inflation to consumers

Hero springs a surprise, emerges as top gainer in e2W market share

Hero MotoCorp gains ground in e2W market, Ola Electric loses share as EV growth remains uneven across states in FY26

Ministry of Heavy Industries, DFS plan financing push for e-buses, e-trucks

Govt plans credit guarantees and interest support to unlock financing for private e-bus and e-truck operators amid lender hesitation

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

Ola Electric diverts IPO funds from R&D to debt amid mounting pressures

EV maker reallocates ₹575 crore from R&D to debt repayment and growth as sales slow, market share slips and fundraising challenges persist

Ashok Leyland breaks ground for EV battery pack facility in Tamil Nadu

Ashok Leyland breaks ground for a battery pack manufacturing facility near Chennai with an investment of Rs 400-500 crore to support localisation and strengthen India's EV ecosystem

Nexa Studios may contribute 30% to Nexa sales by FY31: Maruti Suzuki

Nexa Studios, now 200 of over 740 Nexa outlets, are expected to contribute 25-30% of Nexa sales by FY31 as Maruti Suzuki expands the compact format and manages strong early demand