Tata Motors PV to raise prices from July
Tata Motors Passenger Vehicles [NSE: TMPV; BSE: 500570] will increase prices of its cars and SUVs from 1 July 2026, according to a company press release. The price increase will….
Category: India
The Indian electric vehicle market is growing rapidly. In 2022, sales of electric vehicles in India reached 300,000, up from 130,000 in 2021. The government of India has set a target of achieving 30% electric vehicle sales by 2030.
EV penetration crosses 11% in May: FADA
India’s overall electric vehicle penetration crossed 11% for the first time in May 2026, according to vehicle retail data released by the Federation of Automobile Dealers Associations (FADA). FADA said….
BYD India to hike EV prices from July 1
BYD India will increase prices across its electric passenger vehicle portfolio from 1 July 2026, BYD said in a press release. The price revision will range between 1% and 2%,….
Simple Energy raises INR 250 crore, plans family scooter launch
Bengaluru-based electric two-wheeler maker Simple Energy has raised INR 250 crore in a mix of debt and equity funding as it prepares to expand production and launch a family electric….
VinFast India crosses 10,000-unit production mark
Vietnamese electric vehicle manufacturer VinFast [Nasdaq: VFS] has produced 10,000 vehicles in India in less than a year, HT Auto reported, citing the company’s social media announcement. The company said….
VinFast expands globally with new EV facility in Tamil Nadu
VinFast launches new EV manufacturing facility in Thoothukudi, Tamil Nadu VinFast, a Vietnam-based electric vehicle manufacturer, opened an assembly plant at the SIPCOT Industrial Park in Thoothukudi, Tamil Nadu, on….
Kia India risks exclusion from PLI scheme without FY26 investment
Kia India must invest ₹1,400 crore (US$16.38m) in FY26 to stay eligible for the ₹25,938 crore (US$303.5m) production-linked incentive (PLI) scheme for advanced automotive technologies, according to a senior government….
BYD plans US$10bn EV plant in Hyderabad
China-based electric vehicle maker BYD has planned a US$10bn investment to set up a manufacturing facility in Hyderabad, India, according to a 20 March report by The Philox. The company….
Umicore signs pCAM supply deals with CNGR, E&D
Belgium-based battery materials producer Umicore has signed mid-to-long-term supply agreements for precursor cathode active materials (pCAM) with CNGR, a Chinese battery materials company, and Eco&Dream (E&D), a South Korea-based pCAM….
Denmark’s IFU lends US$12.5m to Ecofy for EV, solar finance in India
Ecofy Finance, a green-focused NBFC based in India, has secured a US$12.5m long-term loan from Denmark’s state-owned development finance institution, the Investment Fund for Developing Countries (IFU), according to a….