EV AND FUTURE MOBILITY

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• VinFast eyes premium EV space in India, downplays competition with Tesla

  Vietnamese EV maker to begin bookings in June; production facility in Tamil Nadu to serve local and export markets

  

• PM E-Drive halfway down the road for 2 & 3-wheelers: HD Kumaraswamy

  The PM E-Drive scheme, initiated in September 2024 to boost electric vehicle adoption, has achieved significant progress, particularly in large electric three-wheeler sales, exceeding 75% of its target.

  

• Chinese EVs grab biggest mkt share in Europe in nine months

  Chinese car manufacturers are rapidly transforming the electric vehicle scene in Europe, capturing the largest market share in a mere nine months despite facing EU tariffs. Pioneers like BYD are at the forefront of this movement, demonstrating their prowess by also ramping up sales of hybrid and combustion vehicles.

  

• Bajaj Auto to infuse 60% of its FY26 capex into EV biz

  The two-and three wheeler manufacturer achieved ₹5,500 crore revenue from the EV segment. It aims to use its capex for EV research and development (R&D) and product launches.

  

• India’s ambitious e-bus drive faces component supply constraints, financing hurdles

  India's ambitious plan to deploy 50,000 e-buses by 2027 faces significant hurdles, including supply chain disruptions, particularly for components sourced from China. Maharashtra's cancellation of a large e-bus order highlights these challenges. Despite efforts to localize production, manufacturers grapple with battery and chassis component shortages, hindering the transition to green public transportation.

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• Where are India’s electric tractors?

  Studies show e-tractors can meet farming needs. Supportive policies and industry efforts can boost e-tractor use. Increased sales and proof of benefits may lead to national incentives.

  

• VECV partners with Statiq to expand EV charging infrastructure

  The collaboration will focus on offering charging access for Eicher’s electric trucks and buses, particularly the newly launched Eicher Pro X range of small commercial vehicles.

  

• Metros' snub may force e-bus sops shift to intracity service

  While Delhi awaits 2,800 e-buses pending compliance with scheme norms, the heavy industries ministry has allocated buses to Bengaluru, Hyderabad, Ahmedabad, and Surat. Bids for 10,900 e-buses are expected soon.

  

• Telangana CM thanks Kumaraswamy for sanctioning 2,000 e-buses, seeks 800 more

  The CM brought to the attention of Kumaraswamy that the retrofitting of state-run Road Transport Corporation (RTC) diesel buses is successful and the same vehicles are already plying in the city.

  

• Maharashtra rolls out new EV policy; targets 30% adoption by 2030

  Maharashtra's new EV policy, effective from April 2025 to March 2030, aims for 30% EV penetration by 2030. The policy offers incentives for EV purchases, toll waivers, and mandates EV charging infrastructure in new buildings.

  

• Karnataka to receive 4,500 electric buses under PM e-Drive scheme

  The move is part of India’s broader objective to reduce transport-related pollution and achieve net-zero emissions by 2070.