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Tata Motors Passenger Vehicles' June sales jump 69%; EV volumes more than double
Tata Motors Passenger Vehicles witnessed a remarkable 69% surge in June sales, reaching 63,083 units, propelled by strong demand and a doubling of electric vehicle sales. Domestic passenger vehicle sales also saw a significant 67% jump. The company's leadership in electric mobility continues to strengthen, with EV volumes more than doubling year-on-year. Tata Motors remains optimistic about sustaining growth, citing a healthy order book and positive customer response.
JSW MG Motor posts record June sales as EVs contribute over 75% of volumes
JSW MG Motor India achieved its highest-ever monthly wholesale sales in June, with a 30% year-on-year increase to 7,568 units. Electric vehicles dominated over 75% of these sales, driven by rising fuel costs and lower running expenses. The company also reported strong demand for its internal combustion engine models and has begun deliveries of the new MG Majestor SUV, showcasing a robust overall portfolio performance.
Ola Electric doubles QoQ growth in Q1 FY26; June vehicle registrations at 16,144 units
Ola Electric witnessed a significant surge in electric two-wheeler registrations during the April-June quarter, nearly doubling from the previous period. This impressive growth, reaching 43,719 vehicles, is attributed to enhanced retail operations, better product availability, and consistent customer demand. The company registered its highest monthly sales in June, signaling a strong recovery in market momentum and underscoring its commitment to expanding EV adoption in India.
Nearly 45% homes in India need electrical upgrades for safe EV charging: Report
A new report reveals that nearly half of Indian homes require electrical upgrades to safely charge electric vehicles. With EV adoption rising, many households currently use unsafe, informal charging methods, posing fire and equipment risks. The study, by Kazam and AEEE, emphasizes the need for adequate electrical load, dedicated circuits, and proper safety measures for reliable EV charging infrastructure across the nation.
Delhi EV policy gets Cabinet nod, govt to invest Rs 15,000 crore to boost green mobility
Delhi's Cabinet has greenlit an electric vehicle policy, set to launch by July 1, with a substantial Rs 15,000 crore investment planned over four years. The policy may offer a 50% road tax waiver on hybrid vehicles up to Rs 30 lakh, aiming to accelerate electric mobility adoption despite some internal debate. This move signals a significant push towards greener transportation in the capital.
Tata Motors Passenger Vehicles to accelerate EV push with 4 new models, 10+ refreshes by FY31
In a bold move, Tata Motors is enhancing its electric vehicle roadmap, with the goal of achieving over 30% EV integration by FY31. The brand is shifting from targeting niche adopters to appealing to the wider audience, introducing four new EV models along with a dozen upgrades. Innovations in battery tech promise to extend range and accelerate charging times, improving mainstream appeal for electric vehicles.
Nikhil Kamath sees energy transition powering next wave of opportunities
Nikhil Kamath, Zerodha co-founder, sees significant investment potential in the energy transition, citing the U.S.-Iran conflict's emphasis on energy security. He's eyeing electric vehicles, battery manufacturing, and grid infrastructure. Kamath also believes Indian IT companies are undervalued, presenting an attractive opportunity. Despite recent market headwinds, he suggests foreign investors often misjudge India's market timing, potentially missing out on current attractive valuations.
Tata Motors CV bets on global expansion, EVs and digital businesses for next phase of growth
Tata Motors' commercial vehicle division is charting an ambitious growth path, prioritizing global expansion, electric vehicles, and digital services. The company aims to leverage the proposed Iveco acquisition for wider market access and product diversification.
Oil prices could fall below $60 by 2027 as supply outpaces demand, says energy expert
Christof Ruehl, Global Advisor at Crystol Energy, expects oil supply to exceed demand by more than 1 million barrels per day in 2027, potentially pushing prices below $60 per barrel. Ruehl also said energy markets have become more resilient, while efficiency gains and the rise of electric vehicles could bring the world closer to peak oil demand.
Reliance New Energy prepares battery-swapping rollout for EV two-wheelers in logistics, delivery segment
Reliance New Energy is set to launch battery-swapping services for electric two-wheelers. This move targets the delivery and logistics sector. The company has secured necessary certifications for batteries and vehicles. Initial trials will occur within Reliance's own fleet. A wider commercial rollout is anticipated by FY27. This initiative supports Reliance's clean energy and electric mobility goals.
Exide to balance lead-acid strength with lithium-ion push
Exide Industries is strategically expanding into lithium-ion cell manufacturing to support India's energy transition. The company will continue its strong lead-acid battery business. Exide Energy Solutions Ltd is engaging with manufacturers for electric vehicles and energy storage. India's lithium-ion battery demand is projected to grow significantly by 2030, driven by electric mobility.
EV industry seeks financing, payment security support to drive adoption
Electric vehicle makers are asking the government for better financing and payment security. This is to speed up the use of electric vehicles and boost local production. Industry leaders met with Union Minister HD Kumaraswamy to discuss challenges. They also want more charging stations and faster approvals for new technologies. The minister assured support for the EV sector's growth.