electric-vehicles

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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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Battery Manufacturer Xbattery Raises $2.3 Million in Seed Funding

Hyderabad-based battery manufacturer Xbattery has raised $2.3 million (~₹203.95 million) in seed funding from Bipin Patel Family Office, with participation from Jhaveri...

September 25, 2025

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: Enlog Wins Mercom’s Third Startup Pitch Competition

Enlog, an AI-powered energy management and Internet of Things solutions provider, emerged as the winner of Mercom’s Third Startup Pitch Competition for Cleantech...

July 28, 2025

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Mercom Staff

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Daily Wrap-up
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MHI Announces Demand Incentives for Electric Trucks Under PM E-Drive

The Ministry of Heavy Industries (MHI) has issued a notification for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program, offering...

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Electric Vehicle Sales Clock 34% YoY Growth in Q2 2025

Electric vehicle (EV) sales in India reached 530,386 units in the second quarter (Q2) of 2025, an over 34% year-over-year (YoY) increase from 396,719 units. EVs...

July 1, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Government Opens Doors to Global Electric Car Makers with Portal Launch

The Ministry of Heavy Industries (MHI) has launched the application portal for the ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI),’...

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Heavy Industries Ministry Issues Guidelines for Electric Car Manufacturing

The Ministry of Heavy Industries (MHI) has issued guidelines for its ‘Scheme to Promote Manufacturing of Electric Passenger Cars in India (SPMEPCI).’ The program aims to...

June 2, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy
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Maharashtra Targets 30% EV Adoption by 2030, Announces Purchase Sops

The Maharashtra state government has announced a range of incentives across categories for the purchase of electric vehicles (EVs) under the Maharashtra Electric Vehicle...

May 27, 2025

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Melvin Mathew

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Electric Vehicles

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Grid

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Market & Policy
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Month in a Minute: Top Headlines from the Indian Renewable Sector in March 2025

India installed 3.2 GW of rooftop solar capacity in 2024, an 86% increase from 2023, according to Mercom India Research’s newly released Q4 & Annual 2024 India...

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Shriram Finance Secures $150 Million from ADB for EV Financing

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...

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Rooftop Solar Financing Firm Ecofy Secures $12.5 Million Loan from IFU

Green transition-focused non-banking finance company Ecofy Finance has secured a $12.5 million (~₹1.07 billion) long-term loan from Denmark government’s Investment Fund...

March 25, 2025

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Melvin Mathew

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Finance and M&A

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Solar
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Hero MotoCorp Acquires 32.5% Stake in Euler Motors for ₹5.25 Billion

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...

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Karnataka’s Clean Mobility Policy 2025-30 Targets ₹500 Billion Investment

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...

February 18, 2025

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Staff

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Electric Vehicles

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Market & Policy
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E-Tractor Company Moonrider Secures $2.2 Million in Seed Funding

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...

January 9, 2025

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Tina Freese

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Electric Vehicles

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Market & Policy

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