Ola Electric Faces Insolvency Heat as Rosmerta Digital Takes Legal Route
Bhavish Aggarwal’s EV venture grapples with vendor payment dispute amid cost-cutting drive. March 17, 2025 In a surprising turn of events for India’s leading electric two-wheeler manufacturer, Ola Electric Mobility Ltd disclosed on Friday that its wholly-owned subsidiary has been slapped with an insolvency petition by one of its service providers. Rosmerta Digital Services, which […]
JSW Bets ₹1,487 Cr on Maharashtra EV Hub,10K E-Buses and 5K E-Trucks Eyed Annually
March 10th, 2025 Electric bus and truck production plan follows company’s major shift of Rs 40,000 crore project from Odisha after recent elections JSW Group is investing Rs 1,487 crore to build a new electric vehicle factory in Maharashtra. The facility will make 10,000 electric buses and 5,000 electric trucks each year when it opens […]
Ultraviolette Plans $100M Investment for Massive Product Expansion
March 7th, 2025 Bengaluru-based electric motorcycle maker aims to launch 14 new models across five platforms as it targets 100,000 annual sales within four years Ultraviolette Automotive, known for India’s fastest electric motorcycles, is preparing to shift into high gear with plans to invest up to $100 million (approximately ₹870 crore) over the next two […]
Ola Electric Becomes First Two-Wheeler EV Maker to Secure PLI Incentives
March 6th, 2025 In a groundbreaking development for India’s electric vehicle landscape, Ola Electric has shattered another ceiling by becoming the first two-wheeler EV manufacturer to qualify for and receive incentives under the government’s ambitious Production Linked Incentive (PLI) Scheme. Historic First for Electric Mobility The market leader has secured Rs 73.74 crore in incentives […]
Tata Motors Launches 24-Month Hydrogen Truck Trials in India
March 4th,2025 Tata Motors has launched a 24-month trial of 16 hydrogen-powered heavy-duty trucks. This project marks a clear step toward greener freight transport in India. Union Minister Nitin Gadkari inaugurated the trial. The initiative falls under the National Green Hydrogen Mission and is funded by the Ministry of New and Renewable Energy. The trial […]
Komaki’s Bold ‘2-for-1’ Women’s Day Gambit Disrupts EV Pricing
March 4th, 2025 EV maker launches new X3 Li-ion scooter with special offer that cuts prices in half for limited time Komaki Electric Vehicle has taken a fresh approach to selling electric scooters. The company revealed its new X3 series on Tuesday with a deal that’s making waves across the industry—buy one, get one free […]
MG Goes Dark: Comet EV Blackstorm Edition Unveiled with Stealth Appeal
The micro EV gets a sinister makeover with an all-black exterior, red accents, and upgraded audio system—for a premium that won’t break the bank February 27th, 2025 MG Motor India has added a touch of darkness to its entry-level electric vehicle lineup with the launch of the Comet EV Blackstorm Edition. Priced from Rs 7.8 […]
Bus Maker Olectra Drives Into Electric Truck Territory With Bold Production Plans
Hyderabad, February 27, 2025 – Olectra Greentech Ltd, already a pioneer in India’s electric bus market, is now shifting gears. The company has revealed ambitious plans to enter the heavy-duty electric truck segment while simultaneously boosting its annual production capacity to 10,000 vehicles. The MEIL Group company is targeting the high-tonnage and mining sectors, aiming […]
EV Financing Startup Vidyut Charges Up With $2.5M to Revolutionize Battery-as-a-Service
Bengaluru, February 26th, 2025 Vidyut has secured $2.5 million in fresh funding from Flourish Ventures. The full-stack EV ecosystem startup will use this money to grow its innovative battery leasing solutions across India. The Bengaluru-based company plans to expand its Battery-as-a-Service (BaaS) model. This approach lets customers rent batteries instead of buying them. As a […]
India Slashes EV Import Duties to Woo Tesla and Global Automakers
February 25th, 2025 In a bold move that signals India’s commitment to electric mobility, the government has announced plans to slash import duties on premium electric vehicles from a prohibitive 110% to just 15%. The policy aims to attract global EV giants like Tesla while balancing the interests of domestic manufacturers. The announcement comes after […]