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Rilox EV has launched the Trio, an electric three-wheeler designed to enhance the logistics and retail capabilities of small and medium businesses, offering a 100-120 km range and a 500 kg loading capacity. This eco-friendly vehicle is priced at ₹1.35 lakh and promises reliable urban delivery solutions.

Magenta Mobility new patent for Plug-and-Play EV Chargers speeds up India's transition to electric mobility. The scalable, user-friendly solution strengthens the company's standing as a significant leader in sustainable transportation.

Honda has unveiled the Activa E, its first electric scooter with swappable batteries, and the QC1 moped, which has a fixed battery for short-distance commuting. Both models are scheduled to debut in Bengaluru, Delhi, and Mumbai by February 2025.

Alt Mobility has raised $10 million in Series A funding, led by Eurazeo, to expand its fleet of 10,000 EVs in India, aiming for 30,000 vehicles by 2026 and enhancing its digital asset management platform.

Mahindra & Mahindra has launched the XEV 9e and BE 6e electric SUVs as part of its push to expand its presence in India’s growing EV market. These models are priced between ₹18.90 lakh and ₹21.90 lakh (ex-showroom) and will be available from January 2025.

Terra Charge,CEO, Akihiro Ueda said, we aim to collaborate with various sectors like fleets, hospitals, and society to create comprehensive solutions for EV charging. Our 2025 strategy includes expanding our charging stations from 500-600. while also strengthening partnerships with both private and government stakeholders.

Gulf Oil Lubricants India Limited and Piaggio Vehicles Pvt Ltd have extended their strategic partnership until 2030. This renewed alliance focuses on delivering advanced lubricants for Piaggio's commercial vehicle segment, including BS VI and electric vehicles, to enhance performance and efficiency.

The gross NPAs in the MSME sector dropped to ₹1.25 lakh crore in FY24, marking the lowest level in six years, but concerns remain over a potential rise in bad loans later this year. The gross NPA ratio for MSMEs stands at 4.46%, higher than the overall 2.74%.

The newly inaugurated hydrogen fuelling station in Leh marks a significant step towards India's green hydrogen mission. NTPC will leverage this infrastructure to deploy hydrogen fuel cell buses, reducing emissions and paving the way for a greener future.

This initiative is part of Motul broader ambitions in the mobility industry, encompassing EVs, EV retrofitting, hydrogen, thermal management, and immersed battery technology. It is not just about skill upgradation but also about providing mechanics with new avenues for income and growth opportunities.

Exicom, CFO, Shiraz Khanna, said that entering the charging station business is a good opportunity. investment depends on where you are opening it. If you are opening a charging station in a major city, the rent can be expensive. However, the rental cost will be lower in highways or rural areas.

The distributed charger provides charging options of 30kW, 50kW, and 200kW using a single connector. It offers fast and efficient charging for all types of vehicles at a single station. GLIDA aims to expand to 25 states, around 52 cities, and 25 highways within the next year.

Stellantis has introduced the STLA Frame, a BEV-native platform designed for full-size trucks and SUVs, offering best-in-class range, towing capacity, and off-road capabilities. It supports BEV and REEV configurations, with future adaptability for hybrid and hydrogen propulsion.

“ZELIO Ebikes unveiled its first e-rickshaw models at the EV India Expo 2024. The company aims to address India’s growing demand for affordable, eco-friendly last-mile connectivity solutions.”

“Allocating funds to improve the power distribution network and enable plug-and-play infrastructure for charge point operators could be more beneficial.”