News

Shakti Pumps (India) Limited has invested Rs 5.00 crore in its subsidiary, Shakti EV Mobility Private Limited, increasing total investment to Rs 75.00 crore. This funding supports Shakti EV's operations in the electric vehicle sector. The subsidiary has shown significant turnover growth and operates without related party transaction constraints.

A Wood Mackenzie report highlights that global electric vehicle (EV) adoption could surge with enhanced supply-chain investments, high fuel prices, and rapid technological advancements. Projections suggest EVs may constitute 25% of the vehicle fleet by 2040, with Chinese growth leading. Investment in critical minerals and charging infrastructure is essential for this transition.

Tata Power and Vivanta Aluva, Kochi have launched a 120 kW DC fast charger, the first of its kind in Kerala, to enhance EV charging facilities for travelers. This dual-gun charger supports the state’s rising electric vehicle adoption and integrates seamlessly with Tata Power’s extensive charging network, enhancing intercity travel.

Ultraviolette has launched a rider training academy featuring two programs: ‘Into the Wild’ for off-road skills and ‘Track Attack’ for track performance. Both follow a three-level certification framework emphasizing motorcycle control and safety. Instructors include certified champions, with training starting in Bengaluru on August 23, 2026, and continuing at various locations.

DRIVN has partnered with Tata Motors to explore leasing electric commercial vehicles for fleet operators in India, aiming to reduce costs and simplify financing. The collaboration will offer customized leasing solutions and plans to deploy over 1,000 electric trucks in two years, enhancing the adoption of electric mobility in the commercial sector.

Euler Motors has opened a new manufacturing facility in Palwal, Haryana, investing INR 100 crore to enhance its four-wheeler production, including the Turbo EV 1000 and Storm EV. With an annual capacity of 24,000 vehicles, the expansion aims to meet growing demand and create local jobs, boosting EV market penetration.

BikeWo Green Tech Limited and Evify Logitech Private Limited have signed a Memorandum of Understanding to develop a technology and data platform for electric logistics. The collaboration aims to leverage AI, data acquisition, and hardware to enhance fleet management and logistics intelligence, starting with pilot implementations across 500 electric vehicles.

ChargeZone and Fresh Bus have expanded their partnership to deploy 400 additional all-electric intercity buses, increasing the fleet from 100 to 500 buses. The partnership will connect 20 cities and 17 towns, adding 30 MW of charging capacity to the existing 10 MW. This initiative aims to reduce CO₂ emissions and improve electric transport across southern India.

Youdha has launched the EPOD-Bharat, a limited-edition electric three-wheeler featuring hand-painted Warli art, at the Bharat Vyapar Mahotsav in New Delhi. The vehicle combines traditional Indian craftsmanship with modern electric mobility and aims to honor India's cultural heritage, especially the contributions of women and artisans. Its certified range is 227 km.

Ashok Leyland reported record-breaking first-quarter results for FY27, with sales of 48,763 commercial vehicles, a revenue of ₹9,634 crore, and a profit after tax of ₹609 crore. Despite rising material costs impacting margins, the company expanded its network and introduced new technologies, reinforcing its strong market presence and growth potential.