Page 3 - Ev Market

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

VinFast scales back India sales target, delays production and bookings

The rollout of VinFast's VF 7 and VF 6 models in India is expected to face a month's delay, attributed to the company's ongoing uncertainties around sales and distribution network in the country

Mercedes-Benz sees surge in customisation; luxury EV sales up 66%

Mercedes-Benz India launches collector's AMG G 63 as demand for personalisation grows; luxury EV sales rise 66 per cent in Jan-May, driven by new-age preferences

Dysprosium, terbium may top India's rare earth wishlist before China

Amid uncertainty over rare earth approvals from China, India pushes to secure dysprosium and terbium imports essential for magnet production in electric vehicles and wind turbines

Silver prices surge: Top reasons and what to expect in the months ahead

Usage-wise, silver has a 52 per cent demand from industrial applications, and one of the biggest demand growth driver is its use in clean energy applications such as solar energy and electric vehicles

BYD unleashes EV industry reckoning as price war alarms China's market

Despite government efforts to curb BYD's price cuts, analysts warn weak demand and overcapacity will cut profits for strong brands and force weaker competitors to exit the market

Govt cuts EV import tax for firms investing in local manufacturing

The application window for new government scheme will likely open within the next few weeks and will remain open for a minimum of 120 days

May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks

Analysts at Nomura also flagged a looming production risk starting June, arising from China's export restrictions on rare earth magnets-used across both EV and ICE components.

Chinese electric trucks, machines set to build global cities of future

Work vehicles have tended to fly below the radar in discussions of urban emissions, but their vast size and power requirements give them a disproportionate share of engine pollution

Focusing on exports over domestic discounts, says Hyundai India COO

Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy

EV biz to breakeven when monthly sales reach 25K units: Hero MotoCorp CFO

Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%

Tata Motors eyes strong EV sales rebound in FY26 with new launches

Tata Motors expects its electric passenger vehicle sales to bounce back strongly this fiscal on the back of new models and product interventions after witnessing about 10 per cent decline in sales in FY25, its group CFO PB Balaji said on Tuesday. The company is lining up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing cars to boost EV sales, he said in an earnings call. "We sold about 65,000 units (of EVs) this year (FY25), which was about 10 per cent lower than what we sold last year (FY24)," Balaji said, adding that the decline in the company's EV sales were mainly due to a drop in fleet sales on account of withdrawal of FAME II subsidy and some of the fleet operators also getting into a few challenges. He said fleet sales as a portion of total EVs sold have come down, and Tata Motors is working on how to reverse it. He further said, "We are getting the momentum back in terms of numbers, and we hope to do pretty strongly in

Electric vehicle charging app with real-time data, pay system on cards

New app aims to tackle limited availability, non-functional stations, and inconsistent standards

Evera Cabs to acquire 500 BluSmart EVs, expand Delhi airport services

Brand to absorb 500 BluSmart vehicles through lenders, with plans to expand EV cab fleet to 1,000 and step up presence across NCR's high-demand airport corridors

Ahead of listing, Ather Energy bullish on driving past rivals in e2W market

The electric scooter maker cited nine-month performance as proof of strength amid rising EV competition