India’s EV market rises 23% in September with 1.59 lakh unit sales
According to the government’s VAHAN data, EV registrations saw a significant 23 per cent increase (year-on-year). In the first half of the current fiscal, EV volumes increased 20 per cent compared with the same period last year.
PM E-DRIVE: Centre notifies US$ 1.30 billion (Rs. 10,900 crore) EV subsidy scheme
The Centre has officially notified the PM E-DRIVE scheme with a total outlay of US$ 1.30 billion (Rs. 10,900 crore). According to the gazette notification, the scheme will be implemented from October 1, 2024, to March 31, 2026, focusing on the faster adoption of electric vehicles (EVs), setting up charging infrastructure, and developing an EV manufacturing ecosystem in India.
iVOOMi Launches S1 Lite: India’s Most Affordable Long-Range Electric Scooter
iVOOMi Energy, a prominent player in the electric two-wheeler sector, has announced the launch of its latest electric scooter, the S1 Lite, aimed at revolutionizing affordable electric mobility. The S1 Lite offers an impressive 180 km range on a single charge, making it India’s most economical high-speed electric scooter with such a range, priced at just ₹84,999.
Electric Vehicle market boosts with 25% year-on-year growth in September; H1 volumes up 19% YoY
The first half of FY25 recorded a 19% increase in total EV volumes, totalling 8.37 lakh units
Vidyut Partners with JSW MG Motor India to Launch Battery-as-a-Service Financing, Revolutionizing Electric Vehicle Ownership
Vidyut, a Bengaluru-based full-stack EV ecosystem startup, has partnered with JSW MG Motor India to introduce an innovative Battery-as-a-Service (BaaS) financing model for passenger electric vehicles. The initiative, launched for models including the MG Comet EV, MG Windsor EV, and MG ZS EV, aims to reduce the overall cost of EV ownership.
Ola Electric Leads Indian EV Two-Wheeler Market With Strong Margins
Ola Electric has emerged as the leader in India’s electric two-wheeler sector, with outstanding profit margins, according to a recent Bernstein analysis. The company is on course to become profitable, beating competitors like as TVS and Bajaj.
Anant Ambani, inaugurates Jio-bp’s 500th EV charging station at Jio World Centre
The inauguration of the 500th Jio-bp pulse EV charging station was also marked by the installation of the 5,000th Jio-bp pulse charging point in India.
EV industry hails new PM e-Drive scheme: Charging stations, subsidies and more
PM E-Drive scheme marks a significant step up for India’s EV ecosystem. As the government addresses infrastructure and incentivizes new categories like e-ambulances, the industry is hopeful that these initiatives will lead to higher EV adoption and sustainable growth.
India will ensure sufficient charging infrastructure to support EV adoption: HD Kumaraswamy
Union Minister for Ministry of Heavy Industries, HD Kumaraswamy said that India will ensure sufficient charging infrastructure to support the massive adoption of electric vehicles across the country.
Export of Electric Bikes from India has Lot of Potential: Gadkari
Union Minister Nitin Gadkari highlighted the significance of alternative fuels and biofuels in reducing pollution at the launch of the Revolt RV1 electric motorcycle. He noted substantial growth in India’s automotive industry and encouraged manufacturers to adopt new technologies like ethanol, methanol, and biofuels. Plans for expanding sales networks were also announced.