ELECTRIC VEHICLES INDIA
JSW MG Motor India to hike vehicle prices from July
JSW MG Motor India has announced a price hike. The company will increase prices of its vehicles. The hike will be up to 1.5 percent. The new prices will be effective from July 1. The company cited rising input costs as the reason. This price revision impacts most of their models.
Exploring options for rare earth magnet supplies: H D Kumaraswamy
India is actively seeking solutions to mitigate disruptions in the supply of rare earth magnets, crucial for electric vehicle components. A Hyderabad-based company aims to produce 500 tonnes of these magnets by year-end, with plans to scale up significantly. The government is considering incentives to boost domestic processing and counter China's dominance in the market, ensuring automakers' production isn't halted.
JLR to begin car assembly in Tamil Nadu by 2026; Tata Motors delays Avinya EV launch
Jaguar Land Rover will assemble luxury vehicles in Tamil Nadu by early 2026, investing ₹9,000 crore over five years. Tata Motors has delayed the Avinya EV launch by a year due to engineering challenges. JLR aims to mitigate global headwinds through market activation and cost-cutting measures to restore its EBIT margin.
World Economic Forum features 10 Indian startups as Tech Pioneers; spacetech wins big
The selected startups will now work closely with WEF’s platforms to contribute to global discussions on technology, sustainability, and inclusive growth.
Tata Motors says no panic yet over rare earth supply
Tata Motors is actively exploring alternative sources for rare earth magnets, ensuring that China's export restrictions haven't disrupted its production. The company currently reports no immediate concerns about supply shortages or production cuts. Meanwhile, the Indian government is considering a subsidy scheme to boost domestic rare earth magnet production, aiming to reduce import dependence and strengthen local manufacturing capabilities.
Meetings underway to mitigate Rare Earth magnet crisis: Heavy Industries Minister H D Kumaraswamy
India is exploring solutions to manage rare earth magnet supply disruptions, Union Heavy Industries Minister H. D. Kumaraswamy said on Tuesday. Addressing the issue, he stated, “We are working on it… Midwest, a Hyderabad-based company, has shown interest. They are targeting 500 tonne rare earth magnet production by this year end, aiming for 5000 tonne production in the next.”
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Govt opens portal for auto-makers to apply under electric car scheme
India's scheme to boost electric vehicle manufacturing is now open for applications from global giants, offering reduced import taxes for those investing in local production. While Tesla reportedly prefers showrooms over manufacturing, the scheme requires a significant domestic value addition within a few years.
Driving sustainability: Bengaluru-based Moonrider powers rural India with next-gen electric tractors
India’s e-tractor market holds growth potential, but pricing and policy issues need urgent attention, say experts.
Tata Motors has unveiled the introductory prices for the rear-wheel drive (RWD) variants of its all-electric Harrier.ev
Tata Motors has announced the prices for the rear-wheel drive variants of its Harrier.ev electric SUV. Bookings will commence on July 2. The base model starts at Rs 21.49 lakh. The top-end variant costs Rs 27.49 lakh. Prices for the quad-wheel drive versions will be revealed on June 27. The Harrier.ev boasts impressive features and range.
New fuel norms may be linked to size of your car
The Indian government is considering a differentiated CAFE (Corporate Average Fuel Efficiency) structure based on vehicle size for its third edition, set to roll out on April 1, 2027. The heavy industries ministry has asked stakeholders to submit their views on enacting differentiated CAFE norms based on vehicle size.
EV infrastructure startup Kazam raises $6.2 million in round led by International Finance Corporation
Kazam, an electric mobility infrastructure startup, secured $6.2 million in funding led by the International Finance Corporation (IFC) to expand its EV charging and battery swapping solutions. The company's platform has facilitated over five million charging sessions and onboarded 68,000 chargers. Kazam aims to further its reach in domestic and international markets, targeting $12 million in revenue this fiscal year.
Magnet crunch: Indian firms pitch supply chain plans to curb China’s rare earth dominance
Indian companies are stepping up to establish domestic rare earth magnet supply chains due to China's export restrictions. Midwest Advanced Materials, Entellus Industries, and IREL have presented plans to the government, aiming to reduce reliance on Chinese imports. The government is considering incentives to support local production, addressing concerns from the auto industry about supply timelines.
Ola Electric shares slide 6% to all-time low after fresh block deal
Ola Electric shares hit an all-time low on Monday after a fresh block deal involving 0.8% equity. The stock has plunged 43% from its IPO price amid weak Q4 earnings, rising losses, and falling deliveries. Analysts remain cautious, with a consensus ‘Hold’ rating and Rs 59 target price.
Indian cos chart magnet supply chain plans
The companies have presented plans to the government, aiming to reduce reliance on China and meet the auto sector's demand for rare earth magnets. The government urges realistic production timelines to avoid disruptions.
European carmakers Renault, Volkswagen and Skoda struggle to boost sales in India
Renault, Volkswagen, and Skoda are struggling to maintain sales in the Indian market. Data indicates a sales decline for these European brands over the past three years. Experts cite a focus on sedans, slow product refreshes, and limited reach in smaller cities as key factors. India's tax structure, favoring compact cars, also poses a challenge.
Skoda VW India gets nod for €1 billion investment under India 3.0 strategy
Skoda Auto Volkswagen India will invest ₹10,000 crore to expand operations. The company will focus on premium SUVs and electric vehicles. This investment follows indecision due to lower sales of current models. The new plan, India 3.0, targets premium utility vehicles. Vehicles will be based on the CMP 21 platform.
CNG poised for significant growth as India focuses on energy transition: Crisil
Crisil Intelligence's report says that India's city gas distribution sector, particularly CNG, is set for substantial expansion driven by government initiatives and rising urban mobility needs. Infrastructure development and increasing demand for cleaner mobility position CNG as a sustainable alternative.
Tata Motors to accelerate EV push; JLR tariff impact mitigated
Tata Motors is aggressively pursuing its EV strategy, aiming for 30% EV penetration before 2030, despite increased competition and supply chain concerns. The company is managing rare earth magnet sourcing and mitigating potential tariff impacts on Jaguar Land Rover. Furthermore, the demerger of passenger and commercial vehicle businesses is on track for the December quarter.
Tesla set to open India showrooms in July with Made-in-China EVs
Tesla is set to inaugurate its first Indian showrooms in Mumbai and New Delhi by mid-July, marking its formal entry into the world's third-largest auto market. The initial offering includes Model Y SUVs imported from Tesla's Shanghai factory. Despite high import duties leading to premium pricing, Tesla aims to attract affluent Indian consumers.
India projected to be fourth largest electric car manufacturer by 2030, China to lead: Report
India's electric four-wheeler manufacturing capacity is projected to surge tenfold by 2030, positioning it as a major global player. While domestic demand is expected to increase, production capacity will likely exceed it, creating export opportunities. To compete with China, Indian manufacturers must focus on reducing costs, with government support and protectionist policies playing a crucial role in the industry's growth.
TI Clean Mobility eyes $1 bn turnover in 4-5 years
TI Clean Mobility, a Murugappa Group firm, aims for a USD 1 billion turnover in 4-5 years, driven by new electric vehicle launches. Having raised Rs 3,000 crore, the company will introduce electric tractors, HCV variants, and explore electric ambulances and e-rickshaws. The company anticipates significant revenue contributions from HCVs, SCVs, three-wheelers, and tractors, leveraging existing manufacturing capacities.
Magnets in limbo: No rare earth nod yet from China for Indian auto suppliers
Indian auto component and vehicle manufacturers are facing significant hurdles in procuring rare earth magnets from China, as no approvals have been granted by the Chinese government so far. This situation is causing uncertainty in manufacturing schedules and factory output, impacting the production of essential components for vehicles. The delay is attributed to stringent export regulations and strained India-China relations.
China's great electric leap forward
China's EV sales are poised to surpass US passenger car sales, driven by strong policy support and fiscal incentives, aligning climate goals with market success. Europe's EV growth has stalled due to subsidy reductions, while potential US tax credit cuts threaten sales. India can learn from China's dominance in the EV sector through strategic policy interventions.
Multibagger or IBC - Part 11: This auto ancillary helps make EV rides smoother, and also has a slice of the Vande Bharat pie
This mid-cap auto ancillary player, with eight plants and a presence in 25 countries, is betting big on EVs. Not with batteries, but with bumps. It is particularly dominant in commercial vehicles. With new plants, new verticals, and rising DII confidence, this firm may not make EVs, but it surely knows how to make them ride better. This series on auto ancillary companies works with the assumption that, from the whole set of auto ancillary companies, some multibagger stocks will emerge. And some companies in this space risk going bankrupt.
Tata Elxsi shares in focus on strategic EV partnership with Infineon
Tata Elxsi shares will be in focus after the company signed an MoU with Infineon Technologies to jointly develop advanced EV solutions for the Indian market. The collaboration will deliver ready-to-deploy systems using Infineon’s semiconductor technologies, targeting 2W, 3W, PV, and CV segments. The move strengthens Tata Elxsi’s positioning in India’s rapidly growing electric mobility space.
Nissan reaffirms commitment to India, plans three new vehicle launches by 2027
Nissan's global CEO, Ivan Espinosa, has affirmed the company's commitment to India, dispelling exit rumors. Over the next 18-24 months, Nissan plans to launch three new vehicles, including MPVs and SUVs, targeting both domestic sales and exports. Despite past challenges, Nissan aims to triple its India sales to 100,000 units by 2027, leveraging local engineering and cost competitiveness.
EV race hits a speed bump: Why India’s auto makers are struggling to shift gears
A Vector Consulting Group study reveals India's EV push is hampered by auto component suppliers' R&D limitations, causing project delays. Automakers struggle with outdated processes while juggling petrol/diesel lines, leading to bottlenecks. The report urges collaborative partnerships, shared risks, and data-driven tracking for faster launches and scaling in the EV market.
Still riding petrol? Electric two-wheelers cost you just Rs 1.48/km, study says
India's transportation landscape is undergoing a silent revolution with electric two-wheelers poised to dominate. By 2050, nearly 70% of vehicles will be two-wheelers, with electric models offering a lower total cost of ownership at ₹1.48 per kilometre compared to petrol vehicles at ₹2.46.
Rare Earths supply: India steps up mining, refining to safeguard EV future
The Centre is working to secure the supply chain for rare-earth materials, essential for electronics and electric vehicles, by holding inter-ministerial meetings to review local availability. These efforts aim to mitigate the impact of potential supply disruptions from China, particularly concerning permanent magnets derived from rare earth elements.
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