Page 3 - Ev Market

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

Sebi finds only 2-3 labourers, no EV production at Gensol's Pune unit

Markets regulator Sebi has said it found "no manufacturing activity" at Gensol Engineering's electric vehicle (EV) plant in Pune with only 2-3 labourers present when a National Stock Exchange (NSE) official visited the site. These revelations were part of markets regulator Sebi's interim order issued on April 15 following a complaint received in June 2024 alleging manipulation of Gensol's share price and misappropriation of funds. In its order, the Securities and Exchange Board of India (Sebi) found discrepancies as well as misleading disclosures to investors by Gensol Engineering, a company promoted by brothers Anmol Singh Jaggi and Puneet Singh Jaggi. One of the disclosures came from an investigation conducted by the NSE, which revealed a lack of manufacturing activity at Gensol's EV plant -- Gensol Electric Vehicle Private Ltd -- at Chakan in Pune. During a site visit to the facility on April 9, an NSE official found only 2-3 labourers present. "It was found that there was no .

Jitendra EV to invest up to ₹125 cr in 5 yrs to boost products, capacity

Electric vehicle maker Jitendra EV plans to invest up to Rs 125 crore in the next five years on research & development (R&D), product development and enhancing manufacturing capacity, its Co-Founder Samkit Shah said. The company, which had showcased its Hydrix -- a hybrid vehicle targetted for launch in 2028 -- is also looking to double its sales in the ongoing fiscal year, up from a total of 4,200 units sold in 2024-25, Shah told PTI. "In the next five years we are planning to invest around Rs 80 crore to Rs 100 crore on R&D and product development and another Rs 25 crore on manufacturing," he said. Shah said the company is focusing on both high-speed and low speed electric two-wheelers in order to address the evolving customer requirements, including those of last-mile delivery in the e-commerce segment. On the product side, the company is developing its Hydrix, a hybrid Triquad set to launch in 2028, powered by both hydrogen and electricity with an estimated range of ...

MG Windsor becomes fastest-selling EV in India with 20K units in 6 months

As of March 2025, JSW MG Motor enjoys a 31 per cent retail market share in the EV segment, trailing only Tata Motors, which holds a 38 per cent share

JSW MG Motor India expects EVs to make up 65% of sales by end of 2025

JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models -- ZS, Comet and Windsor -- and three internal combustion engine (ICE) vehicles -- Hector, Astor and Gloster. "EVs are constituting more than 60 per cent of sales in our M-o-M (month-on-month) sales in CY25. We will carry this momentum throughout the year and are confident that our EVs will drive 60-65 per cent of our total sales by year end," JSW MG Motor India Director Sales & Marketing, Rakesh Sen said. JSW MG Motor India is also expanding its new energy vehicle portfolio with MG Cyberster and MG M9, which will be retailed through its newly 'accessible luxury' ...

Opportunity in crisis: Duty on cars, auto parts likely to spur EV push

India's growing auto components industry could step in to fill the gap left by these shifts

BYD plans EV manufacturing unit with Megha Engineering in Telangana

Location likely to be Shabad near Hyderabad; battery project also under consideration