TVS Motor Company has signed a memorandum of understanding with Indian Oil Corporation Limited to strengthen last-mile LPG cylinder distribution through sustainable commercial mobility solutions. Under the partnership, TVS Motor will work with IndianOil’s network of over 13,000 LPG distributors across the country, enabling the adoption of the TVS King Kargo HD electric cargo vehicles […]
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Piaggio Vehicles has expanded its electric passenger vehicle lineup in India with the launch of the Apé WavE, a new electric three-wheeler aimed at the rapidly growing affordable passenger EV segment. Priced at ₹2,49,000 ex-showroom, the Apé WavE is available through Piaggio dealerships across India and is designed primarily for shared mobility operations, fixed-route transportation, […]
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India’s commercial vehicle and three-wheeler segments both had a strong June 2026, with total registrations hitting record highs across both categories. Freight demand, e-commerce growth, and the continued expansion of last-mile mobility drove volumes upward, while the accelerating shift toward electric vehicles added a new dimension to the competitive landscape. Established leaders held their ground, […]
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Adoption patterns across EV segments are increasingly being shaped by a single underlying factor: the strength of unit economics and how closely the asset is linked to daily income generation. Not very long ago, electric vehicles (EVs) were often seen as expensive alternatives, attracting only early adopters and technology enthusiasts. Today, that picture is changing […]
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Mahindra & Mahindra Ltd. (M&M Ltd.) reported total vehicle sales of 99,636 units in May 2026, registering a 20% year-on-year growth, including exports. The company’s Utility Vehicle (UV) segment continued to drive performance, with 58,021 SUVs sold in the domestic market, reflecting an 11% growth over the corresponding period last year. Including exports, total UV […]
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India’s electric vehicle (EV) market delivered another strong year in FY2025–26, with total registrations surpassing 25 lakh units – a 24% year-on-year increase. EV penetration reached approximately 8.5% of total registrations, up from 7.7% in the previous financial year. While this reflects a steady strengthening of EV adoption, the market still remains short of the […]
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Hyundai Motor Company and TVS Motor Company Ltd. have signed a Joint Development Agreement (JDA) to co-develop and commercialise electric three-wheeler (E3W) solutions tailored for India’s last-mile mobility needs, marking a significant step in the evolution of sustainable urban transport. The partnership follows the unveiling of a concept E3W at the Bharat Mobility Global Expo […]
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India’s electric mobility landscape received a significant boost with the launch of the Light Electric-vehicle Acceleration Forum (LEAF), a neutral, industry-led consortium aimed at strengthening the EV charging ecosystem for two- and three-wheelers. The forum was inaugurated by Union Minister for Heavy Industries and Public Enterprises, Mr. H. D. Kumaraswamy. As EV adoption gathers pace, […]
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Electric vehicle retail momentum in India remained strong in February 2026, with year-on-year growth recorded across all major segments. According to data released by the Federation of Automobile Dealers Associations (FADA), electric two-wheelers, passenger vehicles, three-wheelers and commercial vehicles all registered healthy growth, although overall EV penetration remained largely stable due to the faster expansion […]
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Mahindra Last Mile Mobility has unveiled the Mahindra UDO, an all-new electric three-wheeler that marks a decisive shift in the evolution of India’s L5 passenger carrier segment. With an introductory price of ₹3.58 lakh (ex-showroom), the company is positioning the UDO not merely as a product upgrade, but as a category reset: combining long-range capability, […]
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