Electric Vehicles

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Electric Vehicle Sales Clock 16% Yearly Growth in 2025, Reach 2.3 Million Units

Electric vehicle (EV) sales in India reached a record 2.27 million units in 2025, an over 16% year-over-year increase from 1.95 million units sold in 2025. EVs accounted...

January 7, 2026

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Arjun Joshi

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Electric Vehicles

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Grid
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Tamil Nadu Waives Motor Vehicle Tax for Electric Vehicles Until 2027

The Government of Tamil Nadu has extended the 100% exemption from motor vehicle tax for all electric vehicles (EVs) in the state for a further two-year period, from...

January 6, 2026

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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Ola Electric Receives ₹3.66 Billion PLI-Auto Incentive for FY25

Ola Electric Mobility has received an approval order from the Ministry of Heavy Industries to release incentives totaling ₹3.66 billion (~$44 million) under the...

December 29, 2025

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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EV Motors Firm Naxatra Labs Raises $3 Million in Pre-Series A Funding

Naxatra Labs, a manufacturer of motors and controllers for electric vehicles (EVs), has raised $3 million in a Pre-Series A funding round led by Rainmatter by Zerodha....

December 26, 2025

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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Kerala Invites EoI for Setting Up Electric Vehicle Charging Stations

Kerala State Electricity Board (KSEB) has invited expressions of interest from charge point operators for setting up electric vehicle public charging stations (EVPCS)...

December 23, 2025

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Arjun Joshi

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Electric Vehicles

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Tenders and Auctions
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EV Charging Firm ACS Energy Secures ₹11 Million Funding in Pre-Seed Round

Electric vehicle (EV) charging platform, ACS Energy, has raised ₹11 million (~$124,149) in a pre-seed round from Inflection Point Ventures. The funding will be utilized...

November 13, 2025

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Melvin Mathew

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Electric Vehicles

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Finance and M&A

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Grid
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EV Powertrain Company Raises ₹400 Million from Avaana Capital

Greater Noida-based electric vehicle (EV) powertrain design and manufacturing company Tsuyo has raised ₹400 million (~$4.82 million) in a Pre-Series A funding round led...

October 29, 2025

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Staff

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Electric Vehicles

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Finance and M&A
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Honda Motor Acquires Stake in OMC Power to Repurpose EV Batteries

Electric vehicle (EV) manufacturer, Honda Motor, has made an equity investment in OMC Power, a distributed power supply and mini-grid business, to develop clean energy...

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China Complains to WTO About India’s Electric Vehicle and Battery Subsidies

China has filed a complaint with the World Trade Organization (WTO) over India’s subsidies for electric vehicles (EVs) and battery manufacturing. A spokesman of China’s...

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Electric Vehicle Sales Clock 12.5% YoY Growth in Q3 2025

Electric vehicle (EV) sales in India reached 560,637 units in the third quarter (Q3) of 2025, an over 12.5% year-over-year (YoY) increase from 497,974 units. EVs...

October 6, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy

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Other
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Government Notifies Guidelines for Charging Stations Under PM E-DRIVE

The Ministry of Heavy Industries (MHI) has notified operational guidelines for deploying electric vehicle (EV) public charging stations under the PM Electric Drive...

October 3, 2025

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Staff

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Electric Vehicles

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Market & Policy
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Ola Electric Subsidiary to Raise ₹8.77 Billion Via Preferential Shares

The board of directors and the shareholders of Ola Electric Technologies, a wholly owned subsidiary of Ola Electric Mobility, have approved a proposal to raise ₹8.77...

October 1, 2025

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Staff

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Electric Vehicles
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JBM ECOLIFE Secures $100 Million Investment from IFC to Deploy 1,455 e-Buses

JBM ECOLIFE Mobility, a subsidiary of electric bus manufacturer JBM Auto, has secured a $100 million long-term capital investment from International Financial...

September 12, 2025

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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Government Modifies PM E-DRIVE Incentives for Electric Three-Wheelers

The Ministry of Heavy Industries (MHI) has modified the incentives for electric three-wheelers (e-3W) under the PM Electric Drive Revolution in Innovative Vehicle...

August 13, 2025

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Staff

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Electric Vehicles

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Market & Policy
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IFC to Invest $20 Million in EV Platform Transvolt Mobility

The International Finance Corporation (IFC) has announced a $20 million equity investment in Mumbai-based electric vehicle (EV) platform Transvolt Mobility (Transvolt),...

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