Page 2 - Ev Market

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

Recharging the old: How retrofitting can help improve green mobility

Unlike new EV purchases, which remain unaffordable for many low-income users and small fleet operators, retrofitting leverages existing assets

EV adoption surges in developing nations, challenging oil demand narrative

Like the EV surge in Gulf oil nations, it signals a rapid global shift to electric mobility, making OPEC's forecast of a 50% rise in developing nations' oil use by 2050 seem unrealistic

PM E-DRIVE subsidy scheme extended for 2 years for certain segments

Govt extends EV subsidy scheme for e-trucks, buses, ambulances and charging infra till March 2028; support for e-2Ws, e-rickshaws and e-3Ws to end by March 2026

Tesla leases retail space in Gurgaon for its second showroom in India

Tesla has leased 33,475 sq ft in Orchid Business Park, Gurgaon, for Rs 40.17 lakh a month for a service, delivery and retail centre; its Mumbai BKC showroom opened in July

China's rare earth curbs: No relief for EV cos as govt pushes localisation

The directive came amid growing industry concern over supply chain constraints following China's April 4 move to restrict exports of rare earth magnets

Price cap, certificate crunch stall Centre's electric truck drive

The scheme mandates that a buyer scrap an old vehicle to get a certificate of deposit (CD), which must then be used to claim the incentive on a new electric truck of the same or lower weight

MediaTek sees major boost as Indian EV makers adopt AI, HPC solutions

Vast AI talent pool and electric vehicle makers' attitude to adopt artificial intelligence and powerful computing offer a big opportunity in India for MediaTek, a senior company official said. MediaTek Director for Product Marketing -- Automotive Platform -- Rita Wu told PTI the semiconductor company is looking to penetrate deeper in India's automotive sector with a strategic focus on AI, scalable system-on-chips (SoCs), and next-gen connectivity solutions. "I think the Indian market has a lot of talent in AI. The second thing is OEMs' (Original Equipment Manufacturers) attitude. They are very interested in AI and want to try their best to adapt to the offloads in their vehicles. It's not only AI, but they are also looking for powerful computing to support more high-end solutions. That very important and very good for India market," Wu said. Wu outlined three major industry shifts shaping their roadmap agentic -- AI adoption, increasing demand for high-performance compute capabiliti

Tesla's entry into India to bring innovation in EV insurance space

Tesla's entry into India will drive innovation in the EV insurance market, prompting insurers to rethink product offerings and embrace technology-driven solutions

EV giant Tesla's India entry may have more symbolic than strategic value

Many see Tesla's India entry as an attempt to address the capacity glut at its global plants, from where excess inventory might be brought to India

Datanomics: India EV penetration subdued even as biggies enter market

According to the data from Federation of Automobile Dealers Association (FADA), the EV penetration in India was just 7.8 per cent in FY25, marginally up from 7.1 per cent in FY24

Tesla launches Model Y in India, starting at ₹60 lakh for RWD variant

Tesla India site lists Model Y RWD at ₹60 lakh, Long Range RWD at ₹68 lakh; prices significantly higher than in US, China and Germany

Net-zero emissions: Auto industry lobbies to extend 'ICE age' till 2055

The industry has conveyed to the BEE that it continues to rely heavily on ICE vehicles

Uttar Pradesh plans ₹700 cr EV park near freight corridor in Kanpur

The project will be developed under a public-private partnership (PPP) model, and will span 500 acres

Uttar Pradesh govt plans ₹700 crore EV park near freight corridor

Spanning 500 acres, the project will be anchored by the UP State Industrial Development Authority (UPSIDA) as part of the Kanpur Metropolitan Development Vision 2030