India’s electric vehicle market is entering a phase of recalibration. The revision of subsidies under the PM E-DRIVE scheme in FY26 — slashed from Rs. 5,000/kWh (capped at Rs. 10,000/vehicle) to Rs. 2,500/kWh (capped at Rs. 5,000/vehicle) — has prompted a short-term correction, particularly in the electric two-wheeler (E2W) segment. However, the broader trend suggests… Continue reading India’s EV Market Resets Post-Subsidy; BNP Paribas Sees Strong Structural Growth Ahead
Category: US Motoring Press
India’s EV Market Resets Post-Subsidy; BNP Paribas Sees Strong Structural Growth Ahead
India’s electric vehicle market is entering a phase of recalibration. The revision of subsidies under the PM E-DRIVE scheme in FY26 — slashed from Rs. 5,000/kWh (capped at Rs. 10,000/vehicle) to Rs. 2,500/kWh (capped at Rs. 5,000/vehicle) — has prompted a short-term correction, particularly in the electric two-wheeler (E2W) segment. However, the broader trend suggests… Continue reading India’s EV Market Resets Post-Subsidy; BNP Paribas Sees Strong Structural Growth Ahead
Volvo software boss to join free Autocar-Siemens webinar on 25 June
Technology giant Siemens has been named as the sponsor of the 2025 Autocar Awards, which will celebrate the people and organisations shaping the future of automotive – as well as the best cars on sale. This year’s awards ceremony takes place on 24 June, where Autocar and Siemens will name the industry’s most innovative and… Continue reading Volvo software boss to join free Autocar-Siemens webinar on 25 June
OPPO Signs Patent Licensing Deal with Volkswagen for Connected Vehicles
OPPO has signed a global patent licensing agreement with Volkswagen Aktiengesellschaft to license its cellular standard-essential patents portfolio, including 5G technology, to the automotive group. The agreement allows Volkswagen to use OPPO’s cellular standard-essential patents in its connected vehicle offerings across its global product lineup. “We are delighted to collaborate with Volkswagen through this patent… Continue reading OPPO Signs Patent Licensing Deal with Volkswagen for Connected Vehicles
Charge Zone Launches ‘Shwa’ Art Initiative at Supercharging Stations on World Environment Day
Charge Zone, one of India’s leading electric vehicle charging networks, has launched ‘Shwa’, a public art initiative aimed at transforming EV Supercharging stations into cultural spaces that engage the public with themes of sustainability and community. Announced on World Environment Day, the project brings large-scale murals created by Indian artists to highway charging stations, beginning… Continue reading Charge Zone Launches ‘Shwa’ Art Initiative at Supercharging Stations on World Environment Day
Praj Industries Partners with Enersur S.A. for Biorefinery Project in Paraguay
Praj Industries has announced a collaboration with Paraguay’s Enersur S.A. to develop a fully integrated biorefinery project in Paraguay. The project will produce ethanol along with co-products such as distillers dried grains with solubles (DDGS), corn oil, biogas, bio-bitumen, and sustainable aviation fuel (SAF). The agreement was signed in the presence of Santiago Peña Palacios,… Continue reading Praj Industries Partners with Enersur S.A. for Biorefinery Project in Paraguay
Oben Electric Expands into Eastern India with New Showroom in Bhubaneswar
Oben Electric, a Bengaluru-based electric motorcycle manufacturer, has entered Eastern India with the launch of a new showroom and service center in Bhubaneswar, Odisha. This expansion brings the company’s total network to 37 showrooms across 26 cities nationwide. The new showroom, centrally located in Bhubaneswar, has been introduced in response to growing demand for electric… Continue reading Oben Electric Expands into Eastern India with New Showroom in Bhubaneswar
Uno Minda Inaugurates New 4W Alloy Wheel Manufacturing Plant in Kharkhoda, Haryana
Uno Minda has inaugurated its new greenfield manufacturing facility for four-wheeler alloy wheels in Kharkhoda, Haryana. The plant marks a strategic addition to the company’s production network and aims to support the growing demand in the Indian automotive sector. The inauguration was attended by Hisashi Takeuchi, Managing Director and CEO of Maruti Suzuki India Limited… Continue reading Uno Minda Inaugurates New 4W Alloy Wheel Manufacturing Plant in Kharkhoda, Haryana
India Plans to Deploy Over 1,000 Hydrogen Buses and Trucks by 2030
As India pursues a multi-fuel strategy to decarbonize the transport sector, the country is expected to have over 1,000 hydrogen-powered trucks and buses on its roads by the end of this decade, a senior government official said. “Almost 50 trucks and buses should be running this year. And from next year onwards, we will see… Continue reading India Plans to Deploy Over 1,000 Hydrogen Buses and Trucks by 2030
Government Considers Fiscal Incentives for Rare Earth Magnet Production to Counter China Dependence: Reuters
The global supply chain for critical materials has been thrust into uncertainty following China’s implementation of new export restrictions on rare earth magnets. According to a June 5 Reuters report, India is now actively developing a comprehensive strategy to counter this challenge by establishing domestic production capabilities and reducing its dependence on Chinese supplies. China’s… Continue reading Government Considers Fiscal Incentives for Rare Earth Magnet Production to Counter China Dependence: Reuters