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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Montra Electric, part of the Murugappa Group, began as a simple idea about five years ago — a belief that mobility could be cleaner, smarter, and far more sustainable, much like the group’s first product: the bicycle. What started as a passion project has now evolved into a movement, augmenting electric mobility landscape. Today, we […]
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Indofast Energy has entered into a strategic partnership with Mumbai Metro Rail Corporation Limited (MMRCL) to establish an extensive network of 23 battery-swapping stations along the Mumbai Metro Aqua Line 3 corridor. The collaboration marks a major step towards integrating mass rapid transit with sustainable last-mile mobility, aimed at making electric transport more accessible and […]
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TVS Motor Company has entered into a strategic partnership with Manba Finance Limited to strengthen access to retail finance for its commercial mobility portfolio across India. The two companies have signed a Memorandum of Understanding aimed at improving vehicle affordability and expanding structured financing options for customers operating in both urban and rural markets. Under […]
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