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With the shift from subsidies to performance-linked incentives, Budget 2025 could redefine India’s EV ecosystem. Measures may include local manufacturing boosts, consumer-focused tax reliefs, and global policy alignment.

BatX Energies has launched its Critical Minerals Extraction Plant (HUB-1) in Uttar Pradesh, which will extract essential minerals from used lithium-ion batteries, strengthening the EV sector and the vision of Aatmanirbhar Bharat.

The company aims to commercialize this new battery cooling technology to strengthen its competitiveness in the future mobility market.

Vayve Mobility’s Eva, a solar-powered compact electric car, will debut at the Bharat Mobility Global Expo 2025 in New Delhi. The car features a 250 km range, rapid charging, and an affordable operational cost of ₹0.5 per kilometre.

Zypp Electric Partners with e-Sprinto to Deploy 30,000 High-Speed Electric Scooters Over the Next Three Years, Aimed at Enhancing Delivery Efficiency, Supporting Sustainable Urban Logistics, and Improving Livelihoods for 30,000 Delivery Personnel.

ZELIO Ebikes launches Tanga Butterfly and Tanga SS e-rickshaws, priced at ₹1.45 lakh and ₹1.40 lakh, offering a 100 km range, advanced safety features, and eco-friendly mobility for urban commuters.

Industry associations urge for a simpler GeM portal registration process to help MSMEs access new markets, with a call to expand its reach internationally.

China drove 80% of global EV sales growth in 2024, with a 25% rise in total sales. PHEVs saw strong growth, especially in China and the US, highlighting the need for improved charging infrastructure.

Greaves Electric joins rivals like Ola Electric and Ather Energy in tapping India’s thriving equity markets with a ₹1,000-crore IPO. The Bengaluru-based company aims to enhance its position in the EV sector through investments in R&D and manufacturing.

India’s MSME sector has achieved a dramatic export surge, growing from ₹3.95 lakh crore in 2020-21 to ₹12.39 lakh crore in 2024-25. The sector’s contribution to GDP and global trade highlights its resilience and critical role in economic development.

Strategically located on the Ahmedabad-Mumbai route, the hub features advanced dynamic power distribution and cloud-based management for efficient charging.

Lohia Auto expands its electric vehicle offerings with the launch of Youdha, a new brand focused on sustainable mobility, and aims to sell 300,000 units by 2027. The company’s ₹200 million investment fuels this ambitious growth.

Aiming to simplify airport travel, Hoi’s platform now offers BluSmart riders features like meal pre-orders, concierge services, and real-time flight tracking. The campaign promotes sustainable travel while improving passenger convenience.

Shriram Finance launches Shriram Green Finance, consolidating efforts to support sustainability across electric vehicles, renewable energy, and energy-efficient solutions. The vertical targets a ₹5,000 crore AUM in the next three to four years.

Union Minister Nitin Gadkari highlighted India’s EV potential, stressing quality, technology, local battery production, and expanding EV infrastructure with over 16,000 charging stations.