Electric Vehicles

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Electric Vehicle Sales Clock 35% YoY Growth in Q1 2026

Electric vehicle (EV) sales in India reached 696,769 units in the first quarter (Q1) of 2026, an increase of over 35.5% year-over-year (YoY) against the 514,198 units....

April 6, 2026

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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MHI Slashes Incentives for Electric Two and Three-Wheelers Under PM E-DRIVE

The Ministry of Heavy Industries (MHI) has amended certain provisions of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program,...

April 1, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Oil Firms Install 27,737 EV Chargers Between FY 2021 and FY 2026

Government-owned oil marketing companies have installed 27,737 electric vehicle public charging stations (EV PCS) across the country between the financial year (FY) 2021...

March 31, 2026

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Melvin Mathew

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Electric Vehicles

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Grid
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Bacancy Secures ₹400 Million to Expand EV and Railway Electronics Business

Gujarat-based embedded electronics and power systems company Bacancy Systems has raised ₹400 million (~$4.24 million) in a Series A funding round led by Sabre Partners...

March 31, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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Euler Motors Secures ₹4.37 Billion in Series E Funding Round

Electric vehicle (EV) manufacturer Euler Motors has raised ₹4.37 billion (~$46.2 million) in a Series E funding round. This round was led by Lightrock and saw Hero...

March 27, 2026

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Parth Shukla

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Electric Vehicles

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Finance and M&A
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Parliamentary Panel Flags Low EV Program Utilization and Skewed Spending by MHI

Parliament’s Standing Committee on Industry has raised concerns about the dominance of the automobile and electric vehicle (EV) ecosystem in the Ministry of Heavy...

March 25, 2026

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Rakesh Ranjan

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Electric Vehicles

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Markets & Policy
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GreenCell-EKA Consortium Secures Order for 915 Electric Buses in Telangana

Mumbai-based electric mobility company GreenCell Mobility, in partnership with EKA Mobility, has received a letter of award to supply and operate 915 electric buses in...

March 24, 2026

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Rakesh Ranjan

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Electric Vehicles

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Market & Policy
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KKR to Invest Up to $310 Million in E-Bus Companies Allfleet and PMI Electro

Global investment firm KKR will invest up to $310 million (~₹28.63 billion) and form a partnership with electric bus (e-bus) platform Allfleet and e-bus manufacturer PMI...

March 18, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Exicom Commissions EV Charger Manufacturing Plant in Hyderabad

Gurugram-headquartered electric vehicle (EV) charger manufacturer, Exicom Tele-systems (Exicom), has commissioned an integrated manufacturing facility in Hyderabad to...

March 17, 2026

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Melvin Mathew

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Electric Vehicles

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Grid
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BlackSoil Invests ₹750 Million in Euler Motors to Support EV Growth

Alternative credit platform BlackSoil has invested ₹750 million (~$8.1 million) in electric vehicle manufacturer Euler Motors as part of a funding round following the...

March 17, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Government Mandates Local Traction Motor Manufacturing For E-Buses, Trucks

The Ministry of Heavy Industries (MHI) has amended the Phased Manufacturing Program (PMP) requirements for electric buses and electric trucks under the PM Electric Drive...

March 16, 2026

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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Oil Shock from US-Iran War Strengthens Case for Transport Electrification, Renewables

The U.S.-Iran war, now into its second week, has triggered ripple effects on the Indian economy, raising fears of supply chain, shipping, and logistics disruptions...

March 12, 2026

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B.S. Nagaraj

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Electric Vehicles

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Market & Policy
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Ashok Leyland Breaks Ground on Battery Pack Facility in Tamil Nadu

Ashok Leyland, the automobile company owned by the Hinduja Group, has broken ground on a greenfield battery pack manufacturing facility in Pillaipakkam, Tamil Nadu, with...

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ChargePoint’s Revenue Up 7% YoY in Q4 FY 2026, Net Loss Down 48%

U.S.-based electric-vehicle charging solutions company ChargePoint reported revenue of $109.3 million in the fourth quarter (Q4) of fiscal year (FY) 2026, a 7%...

March 6, 2026

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Melvin Mathew

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Electric Vehicles

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Finance and M&A
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Ludhiana Municipality Invites Bids for EV Charging Stations, Battery Swap Points

The Municipal Corporation of Ludhiana (MCL) has invited bids from central and state public-sector undertakings to supply, install, operate, and maintain electric-vehicle...

March 2, 2026

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Melvin Mathew

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Electric Vehicles

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Grid

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Tenders & Auctions

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