EVS
Urgency grows in Motown India as rare earth deadlock deepens, call goes out to govt for help
The Indian automobile sector is urging the government to facilitate quicker approvals from China for importing rare earth magnets crucial for various applications, especially in electric vehicles (EVs). With China controlling a significant portion of the global supply, the recent export restrictions are causing disruptions in production and could lead to increased costs for manufacturers.
Electric passenger vehicle sales cross 4% first time in May 2025: FADA
Electric 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 cent rise, with two-wheelers leading the growth, driven by rural demand and auspicious events.
KP Group, Delta Electronics India ink 3 strategic initial pacts
KP Group and Delta Electronics India have forged three strategic agreements to advance clean energy solutions. The collaboration focuses on Battery Energy Storage Systems (BESS), green hydrogen infrastructure, and solar PV inverters. KP Group will handle project development and site integration, while Delta will provide technology and support, aiming to accelerate renewable energy deployment in India and overseas.
Indian EV Industry being hurt by additional restrictions on rare earth minerals by China: Jefferies
Indian EV companies are facing challenges due to China's restrictions on rare earth metal exports. Importing magnets, crucial for EV motors, has become difficult. Companies might consider importing fully assembled motors, but this poses new challenges. The Indian government is exploring options like building stockpiles and offering incentives for domestic production.
Devina Mehra on Trump-Musk spat, China’s chip market manipulation
Devina Mehra highlights the escalating conflict between Elon Musk and Donald Trump, noting potential risks from Musk's government involvement. She points out China's dominance in strategic resources as a challenge for the EV industry. Due to volatility and news dependence, Tesla is considered a high-risk stock and is not held in global funds.
Tesla’s China shipments extend slump, bucking broader sales boom
Tesla faces increasing competition from companies like BYD in Europe.
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Multibagger or IBC - Part 9: With exceptional margins, can this small-cap stock make it to the big league?
While the automotive industry grapples with EV transition uncertainties, this multi-technology components manufacturer has turned potential disruption into measurable opportunity. By CY2022, EV segments contributed 35% to the order book. The company's strategic foresight, evident since 2016, has translated into concrete business wins with major EV OEMs. And it has done so while maintaining pricing discipline in a margin-sensitive industry.
Tesla is being eaten alive by Chinese rivals it inspired
Tesla's Shanghai factory is experiencing declining output, impacting its market share in China's competitive EV landscape. Rivals like BYD and Xiaomi are gaining ground with innovative and affordable EVs. Despite Tesla's initial catalytic role, it now faces challenges in maintaining its position, with reduced capacity utilization and profit margins, compounded by external factors like political dynamics.
Need of 6,900 acre land, USD 9 bn investment by 2030 to set up EV infra: Report
Savills India reports that India's EV market growth, fueled by government policies and rising fuel costs, will require significant real estate investment. By 2030, an estimated USD 7.5 to 9 billion will be needed for land acquisition and facility development for EV manufacturing, battery production, and charging stations.
ICICI Securities maintains Add on Apollo Hospitals, raises target price to Rs 7,500
ICICI Securities maintains an Add call on Apollo Hospitals Enterprise, raising the target price to Rs 7,500. This revision reflects anticipated faster growth and improved margins in the pharmacy sector. The brokerage has increased revenue, EBITDA, and PAT estimates for FY26 and FY27, valuing the hospital business at 25x FY27E EV/EBITDA.
Tesla could take a major hit from Trump’s Big, Beautiful Bill, analyst warns, and it might not be pretty
Tesla stock faces potential challenges due to a new bill. JPMorgan analyst warns that the 'One Big Beautiful Bill Act' could significantly impact Tesla's earnings. The bill aims to eliminate EV tax incentives and regulatory programs. Tesla might lose a substantial portion of its EBIT if the bill becomes law.
Mullen Automotive stock skyrockets over 240% as EV startup unveils bold plan to launch SUV in Europe this year
Mullen Automotive stock surged over 240% after the California-based EV startup announced plans to launch its high-performance Five RS SUV in Europe by the end of 2025. The company will begin sales in Germany, then expand to other European countries, the UAE, and Africa in 2026. Mullen plans a U.S. launch only after proving strong sales overseas. Partnering with German firm Faissner Petermeier Fahrzeugtechnik AG for manufacturing, Mullen also boosted its stake in Bollinger Motors to 95%. This bold move has excited investors, driving shares sharply higher despite past challenges.
Tata Motors to give EV portfolio a premium edge with Harrier.ev, Sierra.ev
Tata Motors is expanding into the premium electric SUV market with the Harrier.ev, targeting affluent buyers and aiming to boost margins. While competitively pricing its EVs and focusing on cost reduction, the company is also working to revive fleet sales by offering value propositions comparable to CNG vehicles.
Big task ahead for Elon Musk: After Canada, Germany, and most of Europe, Tesla sales now tank in Sweden
Tesla's sales are plummeting in Sweden, experiencing a significant 53.7% drop in May, adding to its European decline attributed to consumer backlash against Elon Musk and a prolonged labor strike. The ongoing labor dispute, now Sweden's longest in 80 years, further damages Tesla's reputation.
Tesla secures fourth India office in Mumbai as part of expansion strategy
Tesla has leased a 24,500 sq ft office in Mumbai’s Kurla as part of its growing India presence, marking its fourth office in the country. The five-year lease, valued over ₹24 crore, follows Tesla’s recent showroom lease in BKC. These moves signal Tesla’s increasing operational focus and preparation for future manufacturing amid evolving EV policies in India.
Tata Motors expands electric vehicle line up; drives in Harrier.ev
Tata Motors has expanded its electric vehicle lineup with the launch of the Harrier.ev, an all-electric SUV boasting a 500 km range. Priced from Rs 21.49 lakh, bookings start July 2nd. Shailesh Chandra anticipates attracting premium SUV customers, targeting a segment with 25,000 monthly sales. The Harrier.
TVS Motor partners with Kadam Mobility to deploy 500 electric three-wheelers across India
TVS Motor Company has partnered with Kadam Mobility to deploy 500 electric three-wheelers by fiscal year 2026, focusing on metro and Tier 1 cities. Kadam Mobility will integrate TVS King EV MAX vehicles, known for their 179 km range and fast-charging, into its EV ecosystem.
India's new flagship EV policy to be a ‘non-starter’ for global biggies
India is launching an EV policy to attract global automakers, offering reduced import duties for companies investing in local manufacturing. Tesla is unlikely to participate due to its preference for imports over local production.
Merc, Skoda-VW may make in India, Tesla to stay away: Musk’s electric car co only interested in setting up sales outlets, says Kumaraswamy
India's new EV scheme allows carmakers to import 8,000 units at reduced tariffs if they establish local manufacturing. Mercedes-Benz, Skoda-Volkswagen, Hyundai, and Kia have expressed interest, while Tesla seeks only to open showrooms. The scheme aims to boost India's EV manufacturing hub status, requiring domestic production within three years and a minimum investment of Rs 4,150 crore.
Bengaluru airport gets 24/7 EV charging station powered by second-hand car batteries
Karnataka has inaugurated a solar-integrated EV charging station near Kempegowda International Airport, powered by second-life batteries for round-the-clock operation. This initiative, a collaboration between BESCOM and GIZ, features a 45 KW solar system and 100 KWH battery storage, offering 23 charging points at a minimal cost.
Skoda, Mercedes, Kia, Hyundai keen to manufacture EVs in India: Kumaraswamy
Union Minister H D Kumaraswamy announced that Mercedes Benz, Skoda-Volkswagen, Hyundai, and Kia are considering manufacturing electric vehicles in India, with the application window for the SPMEPCI opening soon. The scheme aims to boost domestic EV production and reduce emissions, offering incentives for manufacturers who invest and produce EVs locally.
India to open flagship EV making policy to lure global giants
India is preparing to open applications for its flagship EV policy, which offers reduced import duties to global electric vehicle manufacturers that commit to local production. Under the policy announced in March 2024, companies investing at least ₹41.5 billion (around $500 million) in a local plant within three years can import up to 8,000 EVs annually at a reduced 15% duty—down from 70%.
VinFast’s $2 bn Tamil Nadu EV plant misses out on lucrative incentive scheme, must invest Rs 4,150 cr more to qualify
VinFast's massive investment in Tamil Nadu faces a hurdle. The electric vehicle manufacturer's current investment will not qualify for government scheme benefits. To be eligible, VinFast needs to make a fresh investment. The company is planning to launch its VF7 and VF6 models in India soon. VinFast aims to export EVs to the Middle East and Africa.
Did Elon Musk mislead investors about Tesla's future EV plans? What you need to know
Tesla executives worried about Elon Musk's denial regarding the $25,000 EV cancellation. They feared SEC scrutiny and investor confusion. The company shifted focus to robotaxis. This decision led to internal concerns and market uncertainty. Tesla is facing declining sales and rising competition from BYD. The affordable EV remains unreleased. Musk's actions raised questions about transparency and future product strategy.
Asian underdog & global biggies hit accelerator when Musk dodges desi market challenge
Vietnam’s Vingroup is entering India’s growing EV market through its arm VinFast, just as Tesla, after years of delay, prepares for its India launch. VinFast plans to open an assembly plant in India by June, backed by a $2 billion investment in Tamil Nadu. Although VinFast doesn’t see Tesla or BYD as direct competitors, India’s crowded EV space—with players like Maruti Suzuki, BYD, Hyundai, and MG Motors—poses challenges.
VinFast India bookings to open in June; aim to ramp up production to 1,50,000 EVs annually: Asia CEO
The company is eyeing a launch in India with its VF7 and VF6 models before the festival season this year and aims to push up annual production in the country to 1,50,000 EVs in the coming years to be able to export them to countries in the Middle East and Africa.
Vietnam’s Vingroup set to enter Indian market with EVs, real estate and more
The group's automotive arm VinFast Asia will debut in India with its VF7 and VF6 EV models, with bookings opening in June.
EV makers Tata, Mahindra seek to block hybrids in govt fleets, documents show
India's leading automakers are actively opposing a pollution management body's proposal to include hybrid vehicles in government fleets near New Delhi. They fear this move will hinder the adoption of battery-electric cars, disrupt investments in EV technology, and create policy uncertainty.
Ather Energy signs pact with Infineon Technologies to drive innovation in EV space
Ather Energy and Infineon Technologies Asia Pacific have partnered to drive innovation in India's EV sector. The collaboration aims to advance semiconductor technologies for light electric vehicles, charging infrastructure, and safety. Together, they will develop efficient, reliable, and cost-effective EV solutions, contributing to India's goal of 30% EV sales by 2030.
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