EV

Ola Electric reported a notable recovery in April 2026, registering 12,166 units, a 20 percent increase from 10,133 units in March, according to VAHAN data. This growth comes amid a broader industry contraction, where the electric two-wheeler segment declined by over 22 percent month-on-month. Ola Electric emerged as the only major player to post gains during the period, signaling improving operational stability and rising consumer confidence.

Vietnamese electric vehicle manufacturer VinFast has intensified its push into the Indian market with the launch of its premium seven-seater electric MPV, priced at Rs. 24.49 lakh (ex-showroom). The introduction of the VF MPV 7 reflects the company’s broader ambition to capture multiple customer segments while reinforcing its long-term commitment to India’s rapidly evolving EV ecosystem. As competition in the electric mobility space intensifies, VinFast’s strategy centers on offering diverse products tailored to local preferences.

Maruti Suzuki India Ltd is intensifying its transition toward electric mobility with plans to introduce four new electric vehicles by 2031, signaling a decisive strategic pivot in India’s evolving automotive landscape. The company recently marked a milestone by delivering 108 units of its e-VITARA in a single day, reflecting rising consumer acceptance of electric vehicles.

India’s largest carmaker is intensifying its push into electric mobility, announcing plans to introduce four additional electric vehicles by 2031 as part of its long-term strategy. The move reflects a decisive shift toward sustainable transportation amid rising consumer demand and regulatory emphasis on cleaner energy solutions. The company recently marked a milestone by delivering over 100 units of its first electric model in a single day, signaling growing market acceptance.

India’s electric mobility landscape received a significant boost as Ola Electric secured Production Linked Incentive (PLI) certification for its Roadster X+ 4.5 kWh electric motorcycle. The milestone marks the company’s formal entry into incentive-backed electric two-wheeler manufacturing under the government’s PLI-Auto scheme. Certification confirms compliance with domestic value addition norms, making the model eligible for financial incentives.

India’s electric vehicle (EV) market continues to gather momentum, with JSW MG Motor India reporting a sharp 66 per cent rise in EV sales during FY26. The company sold 62,591 units compared to 37,730 units in the previous fiscal, reflecting robust consumer demand and growing acceptance of clean mobility solutions. Monthly performance also remained strong, with March sales rising 19 per cent year-on-year. The success was largely driven by the MG Windsor model, which maintained its leadership position in the domestic EV segment.

TVS Motor Company reported a robust 25% growth in total sales, reaching 5,19,358 units in March 2026, compared with 4,14,687 units in the same month last year. The surge was driven by strong domestic demand across motorcycles, scooters, and electric vehicles (EVs). Domestic two-wheeler sales grew 25%, motorcycles rose 18%, and scooters climbed 31%. Notably, EV sales demonstrated significant momentum, increasing 44% year-on-year to 38,877 units, highlighting the company’s strategic shift toward sustainable mobility.

TVS Motor Company reported a robust 25% growth in total sales, reaching 5,19,358 units in March 2026, compared with 4,14,687 units in the same month last year. The surge was driven by strong domestic demand across motorcycles, scooters, and electric vehicles (EVs). Domestic two-wheeler sales grew 25%, motorcycles rose 18%, and scooters climbed 31%. Notably, EV sales demonstrated significant momentum, increasing 44% year-on-year to 38,877 units, highlighting the company’s strategic shift toward sustainable mobility.

Euler Motors has raised Rs 437.5 crore in a fresh equity funding round, signaling strong investor confidence in India’s rapidly evolving electric commercial vehicle segment. The round, led by Lightrock and supported by existing investors, comes alongside an additional Rs 250 crore in debt financing. The capital infusion positions the company to transition from early-stage scaling to a more structured growth phase, focusing on operational depth, product innovation, and market expansion.

In a significant move to strengthen India’s electric vehicle ecosystem, Bosch Ltd has entered into a 50:50 joint venture with Tata AutoComp Systems Ltd. The partnership will focus on developing and manufacturing critical electric mobility components, including eAxle systems and electric motors.