Renewables
Luxury EV sales zoom 66% in India; 2,027 units sold in just 5 monthsLuxury electric vehicle sales in India surged by 66% in the first five months of the year. Mercedes-Benz India saw a 73% increase, driven by demand in metro and emerging markets. BMW is also experienc...
Over 200 electric car makers to participate in IESW 2025India Energy Storage Week (IESW) 2025, hosted by IESA, anticipates over 200 global EV manufacturers, aiming to boost India's manufacturing hub vision. Government policies like PLI and FAME are fueling...
Maruti Suzuki cuts near-term EV production by two-thirds amid rare earths crisisMaruti Suzuki is significantly reducing its initial production target for the e-Vitara EV due to rare earth material shortages stemming from China's export restrictions. The company now aims to produc...
- Power shift: How Tesla’s turmoil is steering global capital towards India
BYD unleashes an EV industry reckoning that alarms BeijingChina's electric vehicle sector faces a price war. This situation impacts share prices and prompts government intervention. Overcapacity and weak demand are key factors. Analysts foresee profit declin...
Unused subsidies meant for e-rickshaws may be diverted to cargo e3WsThe Indian government is considering reallocating subsidies within the PM E-DRIVE scheme due to the unexpectedly high demand for cargo electric three-wheelers (L-5 e3w). Sales of L-5 e3w have surpasse...
Electric passenger vehicle sales cross 4% first time in May 2025: FADAElectric passenger vehicle sales in India surged in May, exceeding 4 per cent of total sales, a notable increase from 2.6 per cent in May 2023. Overall auto retail sales experienced a modest 5 per cen...
- Indian EV Industry being hurt by additional restrictions on rare earth minerals by China: Jefferies
