Showing posts with label Electric Vehicles. Show all posts
Showing posts with label Electric Vehicles. Show all posts

Dai Nippon Printing Co. Opens First India R&D Centre at IIT Hyderabad to Advance EV Power Transfer and API Innovation

Dai Nippon Printing Co. Opens First India R&D Centre at IIT Hyderabad to Advance EV Power Transfer and API Innovation
  • Joint research to focus on wireless power transfer systems for EVs and Active Pharmaceutical Ingredients (APIs)
  • Facility established at IITH Technology Research Park (TRP) to accelerate industry–academia collaboration
  • Initiative to drive commercialisation of advanced technologies for India and global markets
Dai Nippon Printing Co. Ltd. (DNP) inaugurated its first Research & Development (R&D) centre in India at the Indian Institute of Technology Hyderabad (IITH), marking its second overseas R&D base globally. Located at the IITH Technology Research Park (TRP), the centre will focus on advancing joint research in electric mobility and healthcare, while strengthening India–Japan innovation collaboration and accelerating the development and commercialization of next-generation technologies.

The inauguration ceremony witnessed the presence of key dignitaries and representatives from academia, industry, and government, including Mr. Muneo Takahashi, Consul General of Japan; Mr. Osamu Nakamura, Senior Managing Director, DNP; and Prof. B S Murty, Director, IITH, along with senior representatives from Japanese organisations and partner institutions.

The newly established centre will drive joint research initiatives between IITH and DNP in priority areas such as wireless power transfer systems for electric vehicles (EVs) and development of synthesis routes for Active Pharmaceutical Ingredients (APIs)—both critical to sustainable mobility and affordable healthcare.

Dai Nippon Printing Co. Opens First India R&D Centre at IIT Hyderabad to Advance EV Power Transfer and API Innovation

Dai Nippon Printing Co. Opens First India R&D Centre at IIT Hyderabad to Advance EV Power Transfer and API Innovation

Located within the IITH TRP, the facility is designed to enable seamless collaboration between academia and industry, combining IITH’s research strengths and talent ecosystem with DNP’s advanced technological capabilities to accelerate innovation and real-world implementation.

Hyderabad’s emergence as a hub for Mobility innovation, Pharmaceuticals, Semiconductors, and Advanced Manufacturing further strengthens the strategic relevance of this collaboration, with potential to expand into Middle East and African markets.

In the mobility domain, the centre will focus on the design, development, and demonstration of wireless power transfer systems for EVs, while in healthcare, it will advance process development and scalable synthesis of APIs, enabling faster translation from research to manufacturing and global deployment.

Prof. B S Murty, Director, IIT Hyderabad, said, "The inauguration of DNP’s R&D centre at IITH marks an important step in strengthening global industry–academia collaboration. This partnership brings together cutting-edge industrial technology and academic research to address critical challenges in mobility and healthcare. It also reinforces the role of IITH as a hub for translational research and innovation aligned with national priorities and global needs.”

Senior Managing Director Osamu Nakamura, DNP said, "As DNP marks its 150th anniversary, establishing this new R&D Centre at IIT Hyderabad is important for us to create future standards. Here, we will learn IIT Hyderabad’s expertise and combine it with DNP’s strengths to create new businesses in India, starting with mobility and healthcare. We look forward to strengthening a long-term partnership and contributing to the growing relationship between India and Japan.”

The collaboration is expected to further promote talent development, knowledge exchange, and joint innovation programs, offering students and researchers opportunities to work on globally relevant technologies, while deepening the India–Japan partnership in research and technology.

With this initiative, IIT Hyderabad continues to expand its Technology Research Park ecosystem, attracting leading global companies and enabling a collaborative environment that bridges research, development, and commercialization.

About DNP:

Dai Nippon Printing Co., Ltd. (DNP), established in 1876, is a leading global company that leverages print-based and advanced material technologies to create innovative solutions across diverse sectors. The company has strong expertise in microfabrication and precision coating technologies, enabling it to serve industries such as electronics, display technologies, optical films, mobility, and healthcare, while contributing to sustainability and global innovation.

About IITH:

IITH, established in 2008, has reached a respectable position in academics, research, technology development, and Start-ups in a short span of 17+ years. In the National Institutional Ranking Framework (NIRF-2025), IITH is ranked 7th among Engineering institutes (crossing a first-generation IIT this year), and is ranked 6th in Innovation, while it has maintained its rank within the top 10 Engineering Institutes ever since NIRF was launched. IITH is ranked 664th and 270th in the QS World and Asian University Rankings 2026, respectively (among the top 10% of global institutions in citations per faculty). IITH has recorded a major leap in the QS World University Rankings 2026 by Subject, entering the global Top 400 in Engineering & Technology with a rank of 395, marking a sharp improvement from the 501–550 band in 2025. IITH secured 46 positions by 31 faculties in the Stanford /Elsevier Global Top 2% Scientists list 2025 across two categories. IITH has been striving for excellence with a motto of "Inventing & Innovating in Technology for Humanity (IITH)".

With 340+ full-time Faculty, 360+ non-teaching Staff and 5,720+ Students (PG+PhD students accounting for about 60%), IITH has a strong research focus with 5470+ R&D Projects worth of Rs. 1770 Cr (Rs. 245+ Cr funding in 2025-26), 13,300+ Publications, 2,64,400+ Citations, 160 h-index, 730 Patents (250 Patents in 2025, i.e., 0.75 patents per faculty in 2025, making it possibly the best Indian institute in terms of patents filed per faculty in a year), and about 280+ Start-ups (that have generated 1100+ jobs with a revenue of Rs. 1500+ Cr).

Tesla Brings 6‑Seater Model Y L to India’s Premium EV Market



Tesla has officially launched the six-seater Model Y L in India at a starting price of ₹61.99–62 lakh, positioning it as a premium three-row electric SUV tailored to Indian family buyers.

Key Launch Details

  • Launch Date: April 22, 2026
  • Price: ₹61.99–62 lakh (ex-showroom)
  • Configuration: Six-seater layout with extended wheelbase
  • Performance: Range 500–681 km (WLTP), Top speed 201 km/h, 0–100 km/h in 5.0–5.9 seconds
  • Market Positioning: Between standard Model Y and long-range RWD variant

Strategic Context in India

  • Consumer Preference: Rising demand for three-row SUVs
  • Import Duty Challenge: 100% import tax on fully built EVs
  • Local Competition: Mercedes EQS SUV, EQB, MG M9
  • Global Rollout: Introduced in China in 2025
Tesla Brings Six‑Seater Model Y L to India’s Premium EV Market

Tesla Brings Six‑Seater Model Y L to India’s Premium EV Market

Comparative Snapshot

FeatureTesla Model Y L (India)Mercedes EQS SUVMG M9 EV
Price (ex-showroom)₹61.99–62 lakh₹1.2–1.4 crore₹70–75 lakh
Seating6-seater (3 rows)7-seater7-seater
Range (WLTP)Up to 681 km~600 km~550 km
Top Speed201 km/h~210 km/h~180 km/h
Market PositionPremium EV, import-onlyUltra-luxury EVMid-luxury EV

Risks & Challenges

  • High Pricing: Niche sales due to import duty
  • No Local Manufacturing: Cannot compete on price
  • Limited Service Network: Developing infrastructure may deter buyers

Outlook

Tesla’s six-seater Model Y L is a strategic bet to broaden appeal in India’s premium EV market, especially among families seeking larger electric SUVs.

futuREady India: Renault’s Largest Product Offensive with 7 Models by 2030

  • Renault Group is launching futuREady India, the local rollout of its new strategic plan to drive growth both locally and globally while strengthening engineering and manufacturing capabilities to ensure long-term competitiveness for the Group worldwide.
  • With futuREady India, Renault aims to make India one of the brand’s top three global markets by 2030. The Group is entering its largest-ever product renewal cycle in India, with a portfolio expanding to seven multi-energy models by 2030, all designed specifically for local market needs, using a next generation digital and electronic architecture.
  • Through its new strategic plan, Renault Group is positioning India as a cornerstone of its global value chain, transforming the country into a technology centre of excellence for local market and worldwide. The Group’s ambition is to generate €2 billion in annual exports by 2030 in vehicles, R&D, and components.

At the end of a one week visit in India, François Provost, CEO of Renault Group, presented futuREady India, an Indian rollout of the futuREady strategic plan unveiled by the Group last March.

With futuREady, our new Vision, Renault Group is accelerating its international growth by building on high-potential, fast-growing markets where the Group already has a strong presence. India, where we have been established for fifteen years, is a prime example: it represents more than one-third of the growth potential across the markets where the Renault brand already operates.

India is set to become not only a growth market, but also a centre of excellence and an export hub. Thanks to the commitment and expertise of our local teams, it will strengthen the Group’s overall competitiveness.

Thirty years ago, Renault Group began its first wave of international expansion. With futuREady, we are opening a new era in our global growth story – and India will be at the heart of it!François Provost, CEO, Renault Group. 

By 2030, we will offer a seven-model portfolio in India, spanning key segments from compact cars to larger SUVs, and featuring a full spectrum of electrified powertrains—from strong hybrids to fully electric vehicles.

Leveraging world-class engineering, competitive manufacturing, and a clear, ambitious product roadmap, India is poised to be a major driver of sustained value for Renault Group.” Stéphane Deblaise, CEO, Renault Group in India

Largest product-driven offensive for Renault Group in India

Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group in India
Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group in India, posing with new vehicle platform. 


In India, Renault Group remains focused on growing a customer base ready to prioritise vehicles combining attractive design, advanced onboard technologies, and electrified powertrains, with an ambition to be among the top three markets for the Renault brand globally by 2030.

Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group in India

The Renault brand is therefore adopting a higher value-added positioning; driven by incorporating advanced technologies, both within the vehicle's onboard systems and in its powertrain offerings.

Four vehicles are in the line-up to reach a total of seven vehicle portfolio by 2030, including Renault Duster, unveiled in January 2026, and already generating strong enthusiasm among Indian customers. As part of the futuREady announcements, the Group also presented Bridger Concept, which previews a new B-segment compact SUV, a true multi-energy vehicle including an electric version.

Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group posing with newly launched Renault Duster
Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group posing with newly launched Renault Duster

The seven vehicles will be based on two complementary platforms, RGEP and RGMP, deployed first on the Indian market and both designed with a multi-energy approach to offer internal combustion powertrains, including hybrids, and electric powertrains depending on needs.

Lastly, the brand also intends to stand out in the market through a strengthened commitment to its Indian customers. Through the Renault Forever initiative, the Group aims to build a lasting relationship based on trust, service quality, and simplified customer experience. Indian customers will notably benefit from a 7-year warranty.

A technology and export hub

Following the launch of futuREady on 10 March 2026, Renault Group is now unveiling futuREady India, aimed at establishing its 15000 employees full-fledged operations as a leading hub for local Indian market and for the world.

In Chennai, the Group has one of its largest engineering centres worldwide, bringing together 6,000 engineers and IT specialists in vehicle architecture, software, simulation, and vehicle lifecycle upgrades. This site is set to take on an elevated role within the Group by now developing platforms, vehicle architectures, and technologies for projects in India as well as for global markets.

On the industrial front, Renault Group now has full ownership of its Chennai manufacturing facility, significantly reinforcing its ability to localise production, deepen supplier integration and optimise end-to-end supply chains. Leveraging India’s strong sourcing competitiveness, this industrial footprint

SWITCH Mobility Marks Largest EV Bus Export to Mauritius

SWITCH Mobility Marks Largest EV Bus Export to Mauritius

SWITCH Mobility, a global manufacturer of electric buses and light commercial vehicles, part of the Hinduja Group, has completed the delivery of 100 electric buses to the Government of Mauritius, marking a significant milestone in the ongoing collaboration between India and Mauritius in advancing sustainable public transportation.

The final lot of 90 buses were handed over by Hon. External Affairs Minister of India, Dr. S Jaishankar to the Hon. Prime Minister of Mauritius, Dr. Navinchandra Ramgoolam as part of a broader Government-led engagement involving senior dignitaries from both nations. The buses were delivered through an open tender conducted by Convergence Energy Services Limited (CESL) in India and are operated by the National Transport Corporation (NTC), Mauritius' state-owned public transport operator.

This deployment represents the largest export of electric buses from India. The delivery follows a government to government arrangement, under which the 100 electric buses are being provided as a donation from the Government of India to the Government of Mauritius to promote clean mobility in the country. The initiative aims to support the modernization and sustainability of public transportation in Mauritius.

SWITCH Mobility Marks Largest EV Bus Export to Mauritius

SWITCH Mobility Marks Largest EV Bus Export to Mauritius


Designed for efficient public transportation, the SWITCH EiV12 integrates advanced engineering with intelligent technology to deliver high reliability, operational efficiency, and superior passenger comfort. With spacious seating for up to 45 passengers, the ergonomically optimized and meticulously manufactured bus meets global standards in performance, safety, durability, and reliability, making it ideal for modern urban commutes. Powered by SWITCH iON, the company’s proprietary telematics system, it enables real-time vehicle health monitoring, intelligent transport management, and fleet optimization. Floor-mounted lithium iron phosphate (LFP) batteries provide a low centre of gravity for improved stability. Additionally, a rear dual-gun charging interface supports faster turnaround times and efficient depot operations.

Commenting on the completion of the order, Mr. Ganesh Mani, CEO, Switch Mobility, said, "Mauritius is taking meaningful strides towards building a cleaner and more sustainable public transport system, and we are proud to be part of this journey. The completion of this 100-bus delivery marks an important milestone in strengthening the country’s transition to electric mobility, with tangible benefits for urban efficiency, environmental sustainability, and everyday commuter experience. As a global EV manufacturer building in India for the world, Switch Mobility remains committed to supporting Mauritius in shaping a greener, more resilient, and future-ready transport ecosystem."

The deployment aligns with broader environmental and urban development goals in Mauritius, focusing on reducing emissions and improving public transit efficiency. This export is seen as a milestone in SWITCH Mobility’s efforts to expand into global markets.

PM E-DRIVE Scheme Brings ₹10,900 Crore For Electric Vehicles

PM E-DRIVE Scheme Brings ₹10,900 Crore For Electric Vehicles

The PM E-DRIVE scheme is India’s flagship EV promotion program with a total outlay of ₹10,900 crore (2024–2026), extended till 2028. Funds are primarily allocated for demand incentives on electric two- and three-wheelers, as well as for e-buses, charging infrastructure, and testing facilities. As of February 2025, ₹423.23 crore had already been spent.

Key Financial Details of PM E-DRIVE

  • Total Outlay: ₹10,900 crore (initially for 2024–2026, now extended till 2028)
  • Expenditure till Feb 2025: ₹423.23 crore
    • Subsidies (Demand Incentives): ₹422 crore (for e-2W, e-3W, e-rickshaws, e-carts, L5 category vehicles)
    • Administrative & IEC Expenses: ₹1.23 crore
  • Fund Allocation Split (Extended Scheme):
    • ₹3,679 crore → Demand incentives for EVs (2W, 3W, some 4W)
    • ₹7,171 crore → Electric buses, charging infrastructure, and testing facilities

Scheme Structure

Component Allocation Purpose
Demand Incentives ₹3,679 crore Subsidies for e-2W, e-3W, limited 4W
E-Buses & Infra ₹7,171 crore Procurement of e-buses, charging infra, testing
Admin & IEC ~₹1.23 crore (spent) Awareness campaigns, scheme management

Implementation Highlights

  • Launch Date: 29 Sept 2024 (replacing EMPS-2024)
  • Ministry: Ministry of Heavy Industries (MHI)
  • Coverage: Nationwide, with focus on OEMs and fleet operators
  • Targets:
    • Nearly 2.9 lakh e-3Ws (L5 category) supported by Dec 2025
    • Subsidies for e-2W and e-3W to end by March 31, 2026

Risks & Considerations

  • Unused Funds: Nearly half of the ₹10,900 crore allocation remained unutilized by mid-2025, prompting extension till 2028
  • Subsidy Cut-off: Demand incentives for smaller EVs (2W, 3W) will stop after March 2026, shifting focus to buses and infrastructure
  • OEM Dependency: Claims beyond target numbers or after deadlines (e.g., post-Dec 2025 for e-3Ws) are not entertained

Takeaway for Gurugram Context

For Gurugram and NCR, where EV adoption is accelerating due to pollution concerns and fleet electrification (delivery, ride-hailing), the PM E-DRIVE scheme provides subsidies until March 2026 for two- and three-wheelers, while longer-term funds will prioritize e-buses and charging infra till 2028. Businesses in logistics, quick commerce, and public transport stand to benefit most.

The ePlane Company Integrates German Avionics Giant, HENSOLDT to Power the Digital Brain of India’s 1st Electric Air Taxi

The ePlane Company Integrates German Avionics Giant, HENSOLDT to Power the Digital Brain of India’s 1st Electric Air Taxi

Highlights:

  • Strategic Alliance: The ePlane Company has entered into an agreement with Germany’s HENSOLDT Avionics to supply and integrate avionics systems for its flagship e200X eVTOL aircraft. The integration will form the core navigation and mission management architecture of the platform.
  • Safety & Situational Awareness: The collaboration centres on equipping the e200X with navigation, landing assistance and secure data connectivity systems to support safe and structured operations in urban environments.
  • Prototyping to Production: This move signifies ePlane's transition from prototyping to building certifiable commercial aircraft, with aviation-grade, secure systems.
  • Engineering Synergy: A technical alliance combining ePlane’s engineering expertise with HENSOLDT’s technology for the unique aerodynamic and operational profile of a compact eVTOL.

In a significant leap towards redefining urban mobility, Ubifly Technologies (The ePlane Company), India’s leading developer of electric Vertical Takeoff and Landing (eVTOL) aircraft, has announced a strategic partnership with HENSOLDT Avionics, a global leader from Germany in sensor solutions and mission management electronics.

This integration forms part of the e200X transition from subscale to full-scale prototype development. By integrating HENSOLDT’s advanced avionics suite, ePlane is equipping its flagship aircraft with a "digital nervous system" designed for uncompromising safety, situational awareness, and operational efficiency in dense urban environments.

Avionics Scope for e200X

  • EuroNav 7 Next Gen (Digital Moving Map): EuroNav 7 NG ensures the e200x navigates complex cityscapes with precision, providing advanced moving maps and mission management that deliver total situational awareness within the urban canyon.
  • CaviSight (Visual Landing Aid): Landing on a rooftop helipad in India requires more than skill; it requires enhanced vision. CaviSight offers video and enhanced vision capabilities that manage camera feeds, provides enhanced intelligence, giving pilots a clear, augmented view and assistance during the most critical phases of flight; takeoff and landing.
  • RF1 Smart Antenna (Collision Avoidance): Safety is non-negotiable. The integration of the RF1 Smart Antenna enables cooperative traffic awareness, actively warning the pilot of other aircraft in the vicinity; a crucial feature for the busy skies of tomorrow.
  • CaviConnect (Secure Connectivity): Beyond its physical flight capabilities, the e200x operates as a fully integrated, data-driven node within the urban airspace. The integration of CaviConnect ensures a secure, robust datalink between the aircraft and ground stations, enabling the real-time data exchange critical for fleet management and continuous health monitoring.

A Convergence of German Precision and Indian Innovation

The ePlane Company Integrates German Avionics Giant, HENSOLDT to Power the Digital Brain of India’s 1st Electric Air Taxi

This collaboration constitutes a deeply integrated technical alliance. ePlane’s engineers are working in tandem with HENSOLDT to seamlessly integrate these systems, ensuring they seamlessly match the unique flight profile and operational demands of the e200x. The integration of the EB1 Multipurpose Airborne Computer adds a layer of onboard processing power that allows the aircraft to run mission-critical applications smoothly, future-proofing the platform for autonomous capabilities.

This integration supports the e200X certification program under the Directorate General of Civil Aviation (DGCA), following the internal design freeze of the aircraft’s avionics architecture.

"Building a certifiable eVTOL requires the flawless integration of highly advanced subsystems into a single, harmonious platform. By partnering with HENSOLDT, we aren't just buying components; we are integrating a legacy of aviation safety into the DNA of the e200x. This avionics suite provides the comprehensive situational awareness required to operate safely in dense urban environments”, said Prof. Satya Chakravarthy, Founder & Technical Lead, The ePlane Company

We are proud to support ePlane in their mission to alleviate urban congestion. Our avionics are designed for the most demanding missions, and the operational profile of an eVTOL in India is the ultimate proving ground. Together, we are defining the standards for situational awareness in the Advanced Air Mobility sector”, said Michael Groeninger, Managing Director, HENSOLDT Avionics GmbH

About The ePlane Company:

Incubated at IIT Madras, The ePlane Company is India’s leading deep-tech aerospace company building the e200X, the nation’s first compact electric air taxi. The company holds the distinction of being the first private Indian entity to receive Design Organisation Approval (DOA) and Type Certification (TC) application acceptance from the DGCA, and is actively defining the country's physical testing and safety benchmarks through its Ground Test Vehicle (GTV) validation phase. Operating out of a state-of-the-art 60,000 sq. ft. engineering and prototyping facility at the IIT Madras Discovery Campus, ePlane combines indigenous manufacturing with a robust global partnership ecosystem—including collaborations with NVIDIA, AWS, Dassault, CADFEM-Ansys and Hensoldt to power its advanced simulation, cloud infrastructure, avionics, and edge computing capabilities. With a strategic initial deployment focused on life-saving utility, the company is launching air ambulances as its first commercial application to cut critical medical transport times across India by up to 7x.

About HENSOLDT Avionics:

HENSOLDT Avionics represents the avionics business of the HENSOLDT Group, a leading company in the European defence industry with a global reach. The company develops situational awareness solutions for civil and military rotorcraft, fixed-wing aircraft, and UAVs, focusing on flight management, mission computers, and connectivity.

Ashok Leyland and PT Pindad Ink Landmark MoU for EVs and Defence Vehicles in Indonesia

Ashok Leyland and PT Pindad Ink Landmark MoU for EVs and Defence Vehicles in Indonesia

Ashok Leyland, the Indian flagship of the Hinduja Group and one of the world’s leading Commercial and Defence Vehicle manufacturers, today signed a landmark Memorandum of Understanding (MoU) with PT Pindad, Indonesia’s premier state-owned defence and industrial equipment manufacturer. The agreement, signed at Pindad’s headquarters in Bandung, marks a major milestone in strengthening bilateral cooperation between the two countries in sustainable mobility and advanced defence technologies.

The MoU outlines a strategic collaboration for the joint development and manufacturing of Electric Buses (EVs) and Defence Vehicles tailored for Indonesia’s growing mobility and national security requirements. The partnership aims to leverage Ashok Leyland’s global expertise in Commercial EV platforms and Defence mobility solutions together with Pindad’s deep engineering capabilities, local manufacturing strength, and longstanding contribution to Indonesia’s defence ecosystem.

Ashok Leyland and PT Pindad Ink Landmark MoU for EVs and Defence Vehicles in Indonesia

The agreement was formalised in the presence of Prof. Sigit P. Santosa, Chief Executive Officer, PT Pindad, Mr. Amandeep Singh, President – International Operations, Defence, LCV & PSB, Ashok Leyland and Lord Tariq, Advisor to the Board, Hinduja Auto.

Indonesia has been accelerating its transition toward sustainable transportation and modernised defence capabilities. This MoU is aligned with the nation’s push for energy-efficient mobility, electric vehicle adoption, and locally produced defence platforms.

Key focus areas under the MoU is to carry out cooperation in the field of Joint Development of Electric Buses and Defence Vehicles.

Mr. Amandeep Singh, President – International Operations, Defence, LCV & PSB, Ashok Leyland, said: “Ashok Leyland has a longstanding legacy of delivering reliable commercial and defence mobility solutions worldwide. Our subsidiary, Switch Mobility has now developed a wide range of electric buses with global appeal. Our partnership with Pindad allows us to jointly develop products uniquely suited to Indonesia’s terrain, infrastructure, and operational needs.”

IAN Group Invests ₹22 Crore in Chargeup to Power India’s EV Driver Ecosystem

IAN Group Invests ₹22 Crore in Chargeup to Power India’s EV Driver Ecosystem

IAN Group, the country’s single largest early-stage investment platform, has invested in Chargeup’s ₹22 crore funding round along with Cap-A and existing investors.

Chargeup is building India’s driver-first EV Tech platform, enabling loan security for lenders, and earning security for drivers to run more and earn more — connecting all in one seamless platform.

The funding will support the company’s expansion into high-demand markets and further strengthen its technology platform for drivers, NBFCs, and scale operations across high demand EV focused markets.

Interestingly, Chargeup’s scale-up plans align with India’s continuously accelerating shift to electric mobility, where easy ownership and earning security are critical for last-mile drivers.

Founded in 2019 by Varun Goenka (Co-founder & CEO) and Satish Mittal (Co-founder & CDO), Chargeup works with India’s last-mile drivers, many of whom earn under ₹800 per day due to high financing costs, frequent battery replacements, and consequently vehicle downtime. EV 3W drivers lose almost half their daily income on EMIs, loss days due to breakdowns, and maintenance of batteries.

The investment aligns with the IAN Group’s focus on backing technology-led, scalable businesses that solve structural challenges in India’s economy. With a strong emphasis on platforms that enable financial inclusion, asset efficiency, and sustainable mobility, the group has been actively supporting companies building critical infrastructure for the next phase of India’s growth, particularly across deep-tech, mobility, and climate-linked sectors.
Varun Goenka, Co-founder & CEO, said, “Charge, and climate-linked sectors.

Varun Goenka, Co-founder & CEO, said, Chargeup is building a high-growth, profitable company focused on empowering last-mile drivers with better earnings and financial security. The IAN Group’s investment will accelerate our journey toward our Mission Million milestone, enabling a million drivers to become financially independent.

Chargeup has already onboarded over 10,000 EV drivers and plans to add 20,000 more by FY27. The company operates in a fast-growing market, with the opportunity estimated at $12 billion, driven by the rising adoption of electric three-wheelers in logistics and passenger mobility.

As India’s gig economy and urban mobility needs continue to expand, the company aims to play a key role in building the financial and operational backbone for the country’s EV ecosystem, improving credit access, asset utilisation, and long-term driver sustainability through a single, data-driven platform.

About Chargeup:

Chargeup is building India’s driver-first EV Tech platform, enabling loan security for lenders, and earning security for drivers to run more and earn more — connecting all in one seamless platform. Chargeup solves it with IoT integration and a unified digital platform, de-risking financing, assuring kilometres, protecting resale value, and seamlessly connecting drivers, OEMs, dealers, and lenders. Their mission is to enable 1 million Driver entrepreneurs with higher earnings by 2030.

About IAN Group:

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered Venture Capital Funds, the latest being a US$100mn VC Fund, IAN Alpha Fund. IAN enables entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores, supported by, high-quality mentoring by successful entrepreneurs, enabling access to global markets. IAN Group backs founders across domains and helps them scale their companies across India and beyond. Forbes has recognised

Tesla to Sell Cars Directly in India Before Building Factories

Tesla to Sell Cars Directly in India Before Building Factories

Tesla is expected to enter India through a direct-to-consumer (D2C) sales model before setting up local manufacturing, aligning with the Indian government’s upcoming EV policy roll-out in April 2025. The policy will allow imports at a reduced 15% duty, enabling Tesla to test demand before committing to factories.

Tesla’s India Entry Strategy

  • Initial focus: Tesla will prioritize D2C sales via company-owned outlets rather than dealerships, ensuring tighter control over pricing, customer experience, and brand positioning.
  • Vehicle imports: The company plans to import cars at 15% duty, a major reduction from the current ~70–100% duty, making Tesla vehicles more affordable in India.
  • Manufacturing later: Local production will be considered only after Tesla assesses demand and policy stability.

India’s Upcoming EV Policy (April 2025)

  • Import duty relaxation: Up to 8,000 EVs per year can be imported at 15% duty.
  • Incentives for manufacturing: The Scheme for Promotion of Manufacturing of Electric Passenger Cars in India (SPMEPCI) will offer subsidies and tax breaks to companies that set up factories.
  • On-tap facility: A streamlined approval process for EV manufacturing is expected, making India more attractive for global automakers.

Why Tesla Prefers D2C First

  • Market testing: India’s EV adoption is still in early stages; Tesla wants to gauge demand before investing in factories.
  • Brand control: D2C ensures Tesla maintains its premium image and avoids dilution through third-party dealers.
  • Flexibility: Import-first allows Tesla to adapt quickly to policy changes and consumer preferences.

Benefits & Risks

Benefits

  • Lower entry costs: No immediate need for billion-dollar factory investments.
  • Faster market entry: Tesla can start selling cars as soon as policy takes effect.
  • Consumer access: Reduced import duty makes Tesla cars more attainable for Indian buyers.

Risks

  • Price sensitivity: Even at 15% duty, Tesla cars will remain premium-priced compared to local EVs.
  • Policy uncertainty: Future changes in import rules could affect Tesla’s strategy.
  • Competition: Indian EV makers (Tata, Mahindra, Ola Electric) already have cost advantages with local production.

Comparison: Tesla vs Local EV Makers

Factor Tesla (D2C Import) Tata/Mahindra/Ola (Local)
Pricing Premium (₹40–60 lakh+) Affordable (₹10–20 lakh)
Distribution Company-owned outlets Dealer networks
Manufacturing Future possibility Already local
Policy support Import duty relief Subsidies + incentives
Consumer appeal Luxury, global brand Mass-market affordability

Key Takeaway

Tesla’s India entry will be import-first, D2C-focused, leveraging the government’s EV policy to test demand.

For Indian consumers, this means premium Tesla cars may finally be available at lower import duties by mid-2025, though local EVs will remain far more affordable.

Bolt.Earth–Statiq Alliance Expands High-Speed EV Charging Across India’s Cities and Highways

Bolt.Earth–Statiq Alliance Expands High-Speed EV Charging Across India’s Cities and Highways

Bolt.Earth, India’s largest peer-to-peer (P2P) EV charging network, and Statiq, India’s fastest-growing EV charging network, which offers both AC & high-speed DC fast-charging for four-wheelers, today announced a strategic partnership to enhance nationwide EV charging access. The collaboration enables a seamless and interoperable experience, giving four-wheeler users more fast-charging options across the country.

Through this partnership, EV drivers can locate, access, and pay for chargers across both Bolt.Earth and Statiq networks directly within either app, making charging more convenient and universally accessible.

By integrating Statiq’s extensive four-wheeler fast-chargings (DC) infrastructure with Bolt.Earth’s universal charging platform, the partnership expands access to a growing network of high-speed charging locations across key cities and highways in India. This delivers a smoother, more reliable charging experience for EV users nationwide.

Statiq operates one of India’s largest and fastest-growing EV charging networks, offering both AC and high-speed DC fast-charging solutions for four-wheelers. With a strong presence across major cities, highways, and commercial hubs, Statiq enables reliable urban and intercity charging, helping EV drivers travel with greater confidence and reduced range anxiety.

Bolt.Earth–Statiq Alliance Expands High-Speed EV Charging Across India’s Cities and Highways

Speaking on the partnership, Akshit Bansal, Founder & CEO, Statiq, said, “At Statiq, our vision has always been to make public charging simple, reliable and widely accessible. Partnering with Bolt.Earth enables us to connect two strong networks and providing EV drivers with more fast-charging options through a seamless experience. By reducing the need for multiple apps and bringing more chargers onto a unified journey, we’re taking a meaningful step towards an open, interoperable charging ecosystem that supports faster EV adoption across India.”

The partnership also focuses on solving key user challenges. EV drivers will benefit from a seamless experience, with access to a wider network of chargers through a single app, supported by integrated payments and real-time charging updates.

Bolt.Earth brings a universal charging platform to the collaboration, serving users of two-wheelers, three-wheelers, and four-wheelers. Its network spans 1,900+ cities across India, ranging from standard chargers to fast-charging options. As a community-driven and P2P platform, Bolt.Earth empowers individuals, businesses, and fleets to participate in expanding EV infrastructure.

Speaking on the partnership, S Raghav Bharadwaj, CEO & Founder of Bolt.Earth, said, “Interoperability is the future of EV charging in India, and this partnership is a decisive step toward that future. By uniting Bolt.Earth’s universal network with Statiq’s robust, fast-charging infrastructure, we’re delivering unmatched accessibility and convenience to EV users. This integration aims to ease range anxiety, eliminate the hassle of multiple apps, and provide a single, real-time view of available charging points—making EV charging seamless, reliable, and user-friendly.”

The collaboration with Statiq is set to simplify the EV charging experience, enabling users across India to charge with greater ease and confidence. By bringing together interoperable networks and a seamless digital experience, the partnership helps remove everyday friction from EV charging—bringing India closer to a future where electric mobility is effortless, reliable, and an integral part of everyday life.

About Bolt.Earth:

Bolt.Earth India’s largest vertically integrated P2P electric vehicle (EV) charging network, with more than 1,00,000 chargers deployed across 1,900+ cities, serving a wide base of EV users. Founded in 2017, the company evolved from building connected IoT solutions to creating a vertically integrated EV ecosystem that combines hardware, software, manufacturing, deployment, and services under one roof. It's an open network that supports 2-, 3-, and 4-wheelers with both standard and fast-charging options, powered by the Bolt.Earth mobile app that enables a seamless scan, pay, charge experience and allows charger owners to generate passive income. Backed by collaborations with leading OEMs and ecosystem partners and supported by its proprietary Charger Management System (CMS), Bolt.Earth is positioned at the forefront of building smarter, sustainable, and connected mobility solutions in India and beyond.

For more information, visit https://bolt.earth/

About Statiq

Statiq is building one of India’s most extensive EV charging networks, with 10,000+ chargers across 1,000+ cities at highways, commercial hubs, workplaces and residential communities. Its app-led, interoperable platform brings together hardware, software and payments, helping EV drivers easily find, access and pay for charging, while enabling OEMs, developers, OMCs and fleets to deploy and operate reliable charging infrastructure at scale.

Tata to Launch 3 New Electric Cars in 2026

Tata to Launch 3 New Electric Cars in 2026

Tata Motors has confirmed it will launch three new electric vehicles in 2026: the Sierra EV, the Avinya EV, and an updated Punch EV.

Tata’s 2026 EV Lineup

Model Segment / Positioning Key Highlights Launch Timeline
Sierra EV Mid-size SUV (C-SUV) Based on Acti.ev+ platform, design inspired by Sierra ICE version, expected dual battery options First half of 2026
Punch EV (Updated) Compact SUV Bestseller in Tata’s EV portfolio, refreshed design and features for 2026 First half of 2026
Avinya EV Premium EV (new sub-brand) Tata’s entry into premium EV market, futuristic design, advanced tech End of 2026

Why This Matters

  • Market Leadership: Tata already commands ~66% of India’s EV market, with over 2.5 lakh EVs sold cumulatively.
  • Strategic Expansion: Expands portfolio across entry-level, mid-size, and premium segments.
  • Technology Leap: Avinya brand signals ambition in premium EV space.

Risks & Challenges

  • Competition: Global players (Hyundai, BYD, Tesla) may intensify competition.
  • Infrastructure: Charging networks remain uneven across India.
  • Pricing Pressure: Balancing affordability (Punch EV) with premium positioning (Avinya).

Strategic Context

  • Aligns with India’s 2030 electrification goals.
  • Tata plans five new EVs plus updates by FY2030.
  • The 2026 trio forms the core of this next wave.

India’s EV Market Turns Competitive: Chinese Automakers Claim 33% Share

India’s EV Market Turns Competitive: Chinese Automakers Claim 33% Share

Chinese-backed automakers now control about one-third of India’s electric car market, challenging Tata Motors’ dominance. Brands like JSW MG Motor, BYD, and Volvo (owned by China’s Geely) have rapidly expanded through new launches, dealership growth, and aggressive investments.

The report on Chinese brands capturing one‑third of India’s electric car market comes from data shared by the Federation of Automobile Dealers Association (FADA).

FADA’s registration-based retail sales data confirms that JSW MG Motor, BYD, and Volvo collectively controlled 33.3% of India’s EV passenger car market in 2025, up from near-zero presence just a few years ago.  

Key market shifts

  • Market share: Chinese-linked brands hold 33.3% of India’s EV passenger car market as of 2025.
  • Growth rate: Sales surged 165% between January–October 2025, vs. overall EV market growth of 87%.
  • Volume: Over 57,000 EVs sold by Chinese brands till October, versus ~101,000 by Indian players.
  • Tata Motors impact: Tata’s lead, once ~85%, has eroded significantly.

Major players

India’s EV Market Turns Competitive: Chinese Automakers Claim 33% Share
  • JSW MG Motor: ₹26,000 crore planned investment; 25 new EVs and hybrids by 2030.
  • BYD: Exploring local manufacturing to cut costs and expand reach.
  • Volvo (Geely-owned): Strengthening premium EV offerings in India.
  • Future entrants: Stellantis to bring Leapmotor; Tesla preparing entry.

Competitive dynamics

India’s EV Market Turns Competitive: Chinese Automakers Claim 33% Share
  • Technology edge: Advanced batteries, competitive pricing, faster product cycles.
  • Consumer impact: Competition is accelerating tech upgrades and keeping prices in check.
  • Indian incumbents: Tata and Mahindra face pressure to innovate and scale faster.

Risks and strategic considerations

  • Geopolitical sensitivities: Reliance on Chinese-linked brands may raise policy and security concerns.
  • Supply chain dependence: Local manufacturing could reduce imports but deepen footprint.
  • Regulatory response: India may push stronger domestic EV incentives.
  • Consumer trust: Pricing and tech are attractive; after-sales service and brand perception matter.

Big picture

  • Domestic leaders: Tata, Mahindra.
  • Chinese-backed challengers: BYD, MG, Volvo.
  • Global entrants: Tesla, Stellantis, others.
This competition is expected to accelerate EV adoption, improve affordability, and reshape India’s auto industry over the next decade.

Here’s a clean data snapshot from FADA’s 2025 report on India’s EV passenger car market, showing how Chinese brands reached one‑third share.

FADA EV Market Data (Jan–Oct 2025)

Segment / Brand Group EV Units Sold Market Share YoY Growth
Indian brands (Tata, Mahindra, others) 101,724 59.1% ~87%
Chinese-linked brands (BYD, MG, Volvo/Geely) 57,260 33.3% ~165%
Other global brands (Hyundai, Kia, BMW, Mercedes, etc.) ~13,000 7.6% Moderate
Total EV passenger cars ~172,000 100% ~100%

Key Highlights

  • Chinese brands now sell 1 in 3 EVs in India.
  • Tata Motors’ share dropped from ~85% to ~59%.
  • BYD & MG Motor drive growth with launches and local manufacturing plans.
  • Volvo (Geely-owned) strengthens premium EV offerings.
  • Chinese brands grew almost twice as fast as the overall EV market in 2025.

Strategic Implications

  • Indian incumbents must accelerate innovation and scale to defend share.
  • Heavy Chinese presence may trigger regulatory incentives for domestic EV makers.
  • Buyers benefit from lower prices, faster tech cycles, and wider choice.

Sources: Federation of Automobile Dealers Association (FADA) data, as reported by Moneycontrol, India EV News, and Trak.in.

Ultraviolette Raises $45M Series E from Zoho & Lingotto, Strengthening India’s Global EV Play

Ultraviolette Raises $45M Series E from Zoho & Lingotto, Strengthening India’s Global EV Play
  • This growth capital in Ultraviolette will accelerate the domestic and international scale up of current products F77 and X-47 and future product platforms Shockwave and Tesseract
  • The investment from Zoho Corporation was led by Sridhar Vembu, Mani Vembu and Kumar Vembu
  • Ultraviolette recently launched the X-47 Crossover electric motorcycle which has seen high demand across the country
  • Ultraviolette has expanded to 30 cities across India in a short span of 12 months and is expanding to 100 cities by mid-2026
Ultraviolette, today announced that it has secured $45 million as part of its ongoing Series E round. The latest infusion comes from leading Indian technology company Zoho Corporation, and Lingotto one of Europe's largest investment management companies.

This continued momentum in Ultraviolette’s Series E round underscores sustained investor confidence in the company’s growth trajectory and global ambitions. With the F77 and the recently launched X-47, Ultraviolette has built a unique design and technology-led enterprise.

We are glad to announce our Series E investment from Zoho and Lingotto, said Narayan Subramaniam, Co-Founder & CEO, Ultraviolette. Lingotto’s legacy of backing iconic performance and mobility brands, combined with Zoho’s long-term commitment to fostering cutting-edge Indian innovation, aligns perfectly with Ultraviolette’s mission to build category-defining electric mobility solutions for India and global markets.


Niraj Rajmohan, CTO & Co-Founder, Ultraviolette commented, With the ongoing Series E investments, we are doubling down on growth and expanding our production to meet increasing demand. Our focus is on advancing breakthrough battery technology, elevating performance capabilities and expanding production to support upcoming product platforms. This investment will accelerate our journey towards scaling into India and global markets.


Ultraviolette (UV) is an innovator in future-ready Electric Vehicle Platforms and Battery Technology. Infused with Aviation DNA, this enterprise was conceived in 2016 by the founders, Narayan Subramaniam and Niraj Rajmohan. Ultraviolette is backed by a spectrum of global investors, including Lingotto, TDK Ventures, Qualcomm Ventures, Zoho Corporation, TVS Motors, and Speciale Invest.

India’s e‑2W Registrations Cross 1.18 Million; TVS Reclaims Top Spot as Ola Slips in November

India’s e‑2W Registrations Cross 1.18 Million; TVS Reclaims Top Spot as Ola Slips in November

India’s electric two-wheeler (e-2W) registrations crossed 1.18 million units between January–November 2025, marking a 10% year-on-year growth. In November, TVS Motor reclaimed the top spot, while Ola Electric slipped behind Hero Vida, signaling a reshuffle in market leadership, according to the data by VAHAN, the Ministry of Road Transport & Highways’ centralized vehicle registration portal.  

November 2025 snapshot

  • Total registrations (Nov 2025): ~1,16,849 units — the second-highest monthly tally of the year, just behind October’s festive peak.
  • Cumulative (Jan–Nov 2025): 1.18 million units, up from 1.07 million in the same period last year.
  • Growth rate: ~10% YoY, with analysts expecting 8–10% overall growth for 2025.

Brand rankings (Nov 2025)

Rank Brand Units Sold Market Share Notes
1 TVS Motor ~30,309 ~26–27% Regained #1 after losing to Bajaj in Oct; strong iQube EV momentum.
2 Bajaj Auto ~25,526 ~22% Chetak EV driving growth; slipped from #1 in Oct.
3 Ather Energy ~18,356 ~17% Consistent performance, strong urban presence.
4 Hero Vida Outsold Ola ~10–12% Surged past Ola, signaling rising consumer acceptance.
5 Ola Electric Fell behind Hero ~9–10% Sharp decline; facing distribution and service challenges.

Key trends

  • Legacy OEMs dominate: TVS and Bajaj, with established dealer networks and manufacturing scale, are tightening their grip.
  • Ola’s decline: Once the market leader, Ola is now struggling with after-sales service issues, delivery delays, and consumer trust gaps.
  • Hero’s rise: Hero Vida overtaking Ola is significant — showing incumbents leveraging brand trust and distribution muscle.
  • Supply chain constraints: Limited availability of rare-earth magnets is slowing production capacity across the industry.

Risks and challenges

  • Post-festive slowdown: November was strong, but December may see cooling demand.
  • Consumer confidence: Service quality and charging infrastructure remain critical for sustaining growth.
  • Competition heating up: With incumbents scaling up, startups like Ola face pressure to stabilize operations.

Outlook

India’s e-2W market is firmly on a growth trajectory, with legacy players consolidating leadership. The shake-up in November — TVS back on top, Hero overtaking Ola — highlights how distribution strength and reliability are trumping aggressive pricing alone. Expect continued double-digit growth into 2026, but with sharper competition and possible consolidation.

Tesla Begins India Journey with Gurugram Centre

Tesla Begins India Journey with Gurugram Centre

Tesla will inaugurate India’s first full-fledged Tesla Centre on November 26, 2025, at Orchid Business Park in Gurugram. This marks a major milestone in Tesla’s expansion into India.

What makes the Gurugram Tesla Centre special

  • First full-fledged facility: Unlike Tesla’s earlier “experience centres” in Mumbai (BKC) and Delhi (Aerocity), which mainly showcased the Model Y, the Gurugram outlet will be a complete retail hub.
  • Services offered: It will handle sales consultations, bookings, deliveries, customer service, and test drives, making it Tesla’s first structured retail presence in India.
  • Location: Situated at Orchid Business Park, Sector-48, Gurugram, right in the heart of the NCR’s growing EV ecosystem.

Tesla’s India journey so far

  • Market entry: India became Tesla’s 50th global market when it launched two variants of the Model Y earlier in 2025.
  • Pricing:
    • Standard Model Y: ₹59.89 lakh
    • Long-range Model Y: ₹67.89 lakh
    • Import status: Both are fully imported from Tesla’s Shanghai plant, making them among the costliest globally due to India’s 70% import duty.
  • Sales performance: Tesla sold 104 units in India during September–October 2025, according to government-backed Vahan data.

Why Gurugram matters

  • Strategic NCR presence: Gurugram is a hub for premium car buyers and EV adoption, giving Tesla access to a strong early-adopter base.
  • Shift in strategy: Moving from brand familiarisation spaces to a functional retail model signals Tesla’s intent to build a sustainable market footprint in India.
  • Competitive landscape: Tesla enters a market where luxury EVs from Mercedes, BMW, and Audi are already present, but its global brand appeal and tech-driven ecosystem could give it an edge.

Key takeaway

Tesla’s Gurugram Centre is not just another showroom — it’s a turning point in India’s EV story, marking Tesla’s transition from showcasing its cars to actively selling, servicing, and supporting them. For Indian buyers, this means direct access to Tesla’s ecosystem for the first time.

Tesla Launches Collision Repair Hub in India, Starting with Mumbai



Tesla India has inaugurated its first official Collision Centre in Mumbai’s Kalinga, marking a major milestone in its after-sales service network.

The facility, launched in partnership with the Gautam Modi Group, is designed to deliver international-standard repair and maintenance services for Tesla owners in India.

Key highlights

  • Location: Kalina, Mumbai
  • Partnership: Tesla India collaborated with the Gautam Modi Group to establish the centre.
  • Services: Collision repair, bodywork, and maintenance with trained technicians following Tesla’s global standards.
  • Event: Inauguration attended by Gautam Modi (Managing Director), Nidhi Modi (Director), and senior Tesla India officials.

Why it matters

  • Strengthening EV ecosystem: Expands Tesla’s after-sales service footprint in India.
  • Customer confidence: Provides reassurance to owners about long-term repair support.
  • Global standards in India: Offers international-quality repair services and premium care.

Broader context

  • Presence: Experience centres in Mumbai and Delhi, with showcases in Gurugram and growing Model Y deliveries.
  • Ecosystem: Collision Centre complements sales with robust service and repair infrastructure.
  • Impact: Addresses a key barrier to premium EV adoption—reliable after-sales support.

Editorial angle

  • Headline: Tesla India Opens First Collision Centre in Mumbai
  • Subhead: Partnership with Gautam Modi Group brings international-standard EV repair and service to Indian customers.
  • Meta Description: Tesla India has launched its first Collision Centre in Mumbai’s Kalina, in collaboration with the Gautam Modi Group, offering global-standard repair and maintenance services to strengthen the EV ecosystem in India.

This move positions Tesla not just as a seller of EVs but as a long-term service provider, crucial for building customers.

Axis Bank Partners with JSW MG Motor on Innovative Dual Loan Scheme Anchored in Battery‑as‑a‑Service Model

Axis Bank Partners with JSW MG Motor on Innovative Dual Loan Scheme Anchored in Battery‑as‑a‑Service Model

Axis Bank, one of the largest private sector banks in India, in collaboration with JSW MG Motor, has introduced an innovative Dual Loan program designed to make electric mobility more accessible and future-ready for Indian customers.

Anchored in MG’s pioneering Battery-as-a-Service (BaaS) model, this initiative allows customers to avail separate loans for the vehicle and its battery, significantly reducing the upfront cost of ownership. The program offers up to 100% on-road funding and flexible tenures of up to 8 years for the battery, turning conventional fuel expenses into predictable, long-term value, and making sustainable driving a practical, intelligent choice.

Commenting on the partnership, Munish Sharda, Executive Director, Axis Bank, said, “At Axis Bank, we are committed to offering customer-friendly solutions and driving innovation in vehicle financing. We are delighted to partner with JSW MG Motor India on the pioneering Dual Loan program, which enhances the EV financing ecosystem in India by providing smart and flexible options across segments. We are confident that this collaboration will help make greener choices more accessible to customers and support the wider adoption of electric vehicles.

For electric mobility to move from aspiration to adoption, we must make ownership both practical and progressive. The Dual Loan program builds precisely on that premise, separating the battery from the vehicle cost to give customers financial flexibility without compromise. Much like how consumers have embraced subscription models in technology, BaaS allows them to experience cutting-edge mobility with smarter economics. Together with Axis Bank, we’re turning innovation into everyday access, accelerating India’s journey towards a more sustainable future.” Said, Anurag Mehrotra, Managing Director, JSW MG Motor India.

BaaS (Battery-as-a-Service), launched in September 2024 by JSW MG Motor India, addresses one of the biggest barriers to EV adoption – the high upfront cost – by separating the cost of the battery from the vehicle. Building on this innovation, JSW MG Motor India and Axis Bank, who have been partners since 2019, have now introduced the dual loan financing, further strengthening their collaboration across channel and retail finance solutions.

This innovative financing solution not only makes EV ownership more affordable but also gives customers greater flexibility to upgrade their vehicles without being constrained by price. With Axis Bank as a financing partner, the program reaches a wider customer base and expands access to smart mobility solutions. Through this collaboration, JSW MG Motor India and Axis Bank aims to provide customers with greater choice and financial control, while also contributing to the growth of India’s EV ecosystem.

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. It has 5,976 domestic branches (including extension counters) and 13,177 ATMs and cash recyclers spread across the country as on 30th September 2025. The Bank’s Axis Virtual Centre is present across eight centres with over ~1,786 Virtual Relationship Managers as on 30th September 2025. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

About JSW MG Motor India

SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2023. The joint venture aims to build a smart and sustainable automotive ecosystem while staying focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, bringing the best of innovation across its business operations, and generating significant employment opportunities through extensive localisation.

Honda Unveils First Electric Motorcycle WN7 at EICMA 2025 in Milan

Honda unveiled its first electric motorcycle, the Honda WN7 to the public for the first time., at EICMA 2025 (the Milan Motorcycle Shows; Press days: November 4-5, Public days: November 6-9) in Milan, Italy.

Honda WN7

Key Features of Honda WN7

Development concept

The Honda WN7 is the first electric naked model in the FUN category developed under Honda’s new electric motorcycle brand direction. Its development concept, “Be the Wind,” expresses the joy of freely gliding through the air with quietness unique to an electric vehicle. Riders can directly sense the sounds and atmosphere of their surroundings—the conversations and laughter of people on the street, the rustling of leaves—experiences not possible with ICE (internal combustion engine) models. Reflecting its developers’ passion, the WN7’s smooth yet strong torque acceleration and agile handling allows riders to enjoy the liberating feeling of riding like the wind.

Design

Aiming to refine functionality and express essence, the design features a seamless, smooth surface on the areas the rider touches, while combining a distinctive and powerful silhouette. Its signature horizontal light bar will serve as a common design identity for Honda’s future electric motorcycles.

The WN7 also debuts a dedicated color theme for Honda’s electric motorcycles, featuring a black-based body accented with gold component parts. Like the signature lighting, this color theme will be adopted across upcoming global electric models.

Frameless chassis

Unlike conventional motorcycles that use a frame connecting the front and rear of the body, the WN7 adopts a frameless structure in which the centrally positioned aluminum battery case forms part of the main frame. The head pipe supporting the steering and the pivot bracket supporting the rear are both directly connected to the centrally located power unit. By eliminating the traditional frame, the WN7 achieves not only weight reduction but also greater layout flexibility, contributing significantly to its slim and compact proportions.

In addition, positioning the heavy battery pack at the center of the chassis also enhances mass centralization and agile handling.

Integrated motor-inverter unit

A newly developed, compact and lightweight water-cooled motor with an integrated inverter powers the WN7. It delivers a maximum output of 50 kW, equivalent to a 600 cc ICE motorcycle, and maximum torque of 100 Nm, comparable to a 1000 cc class ICE motorcycle. This ensures powerful yet composed performance both in city riding and on open roads.

Power from the motor is transmitted via a newly designed gearbox to a belt-drive system, which drives the rear wheel while contributing to quiet operation.

Drive battery and charging standards

The WN7 is equipped with a newly developed 9.3 kWh fixed lithium-ion battery. It supports both CCS2 fast charging¹ and Type 2 normal charging², compatible with standard household outlets in many regions. With a fast charger, the battery can be charged from 20% to 80% in approximately 30 minutes, allowing for quick recharging on the go and reducing the stress of waiting time.

In addition, normal charging fully charges the battery from 0% to 100% in under 2.4 hours³, providing a cruising range of 140 km (WMTC mode) on a full charge.

Regenerative braking, Deceleration Selector, and Walking Speed Mode

During deceleration with the throttle off, the WN7’s motor performs energy regeneration while providing regenerative braking⁴. Riders can adjust the level of deceleration using the Deceleration Selector on the left handlebar switch, enabling smooth low-speed control with minimal brake operation or a gliding sensation with reduced deceleration—offering a new riding feel distinct from ICE motorcycles.

The WN7 is also equipped with a Walking Speed Mode, allowing the rider to move the bike forward or backward slowly using the left-hand switch and throttle—useful for parking or maneuvering in tight urban spaces.

The Honda WN7 will be produced at Honda’s Kumamoto Factory - the company’s global hub for motorcycle production. Honda will introduce the model sequentially to global markets where electrification shift is advancing, as the company accelerates electrification of motorcycles on a global scale.

[1]CCS2: Combined Charging System Type 2, a connector standard used for electric vehicle fast chargers.

[2]When using a 200V power supply and charging gun.

[3] Charging time may vary depending on the charging environment (such as temperature). Charging time based on Honda measurements.

[4] Regenerative braking may not be activated depending on the remaining battery capacity.

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