The electric vehicle (EV) industry is bracing for a short-term price surge, as the Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement...

Electric vehicle (EV) sales in India reached 514,198 units in the first quarter (Q1) of 2025, an increase of over 3% year-over-year (YoY) against the 499,930...

Non-banking financial services company Shriram Finance has secured a $150 million loan from the Asian Development Bank (ADB) to enhance access to finance for electric...

Hero MotoCorp has announced an investment of ₹5.25 billion (~$61.06 million) in Euler Motors to expand into the electric three-wheeler market. The investment will be...

The Ministry of Heavy Industries (MHI) has mandated a 100% domestic content requirement (DCR) for 18 electric vehicle (EV) components under the two-wheeler,...

The Madhya Pradesh government’s New and Renewable Energy Department has issued the Madhya Pradesh Renewable Energy Policy 2025, targeting 50% of annual power consumption...

The Government of Karnataka has introduced its Clean Mobility Policy 2025-30, targeting ₹500 billion (~$5.755 billion) investments across the clean mobility value chain...

Bengaluru-based electric vehicle (EV) battery solutions provider, The Energy Company has secured $2 million (~₹173.8 million) in a pre-Series A funding round. Siana...

The Madhya Pradesh government has announced a maximum state subsidy of ₹50,000 (~$570.99) per four-wheeler electric vehicle in Draft Madhya Pradesh Electric Vehicle (EV)...

U.S.-based electric vehicle (EV) maker Tesla posted a net income of $2.32 billion in the fourth quarter (Q4) of 2024, down 71% year-over-year (YoY). This decline can be...

Refex Green Mobility will acquire Gensol’s 2,997 electric vehicles (EV) and assume the associated debt of ₹3.15 billion (~$36.43 million). This strategic tie-up will...

Bengaluru-based electric tractor technology company Moonrider has raised $2.2 million (~₹182.6 million) in a seed funding round co-led by AdvantEdge Founders and Micelio...

Bengaluru-based electric bike startup Oben Electric has secured ₹500 million (~$5.82 million) in a Series A funding round. This round included participation from Ambis...

Electric vehicle (EV) sales in India reached a record 1.95 million units in 2024, an over 27% growth year-over-year against the 1.53 million units sold in 2023. EVs...

Automobile manufacturer Mahindra & Mahindra has announced that the final tranche of investment by British International Investment (BII) in its subsidiary Mahindra...