The electric vehicle (EV) market in India is buzzing with innovation and growth. From new launches to policy updates, here’s a roundup of the latest developments you need to know about!
1. Telangana’s New EV Policy Brings Big Savings
Telangana’s government has launched a new EV policy to encourage the adoption of electric vehicles. The policy includes incentives for manufacturers and buyers, making EVs more affordable.
Key Benefits:
- Lower Costs: Incentives reduce the price of EVs for buyers.
- Boost for Industry: Companies setting up EV factories in Telangana will get tax breaks.
- Eco-Friendly Goals: More EVs mean cleaner air and less pollution.
Source: Times of India
2. VinFast Eyes Indian Market with Adani Group & Megha Engineering
Vietnamese EV maker VinFast is exploring partnerships with India’s Adani Group and Megha Engineering to bring electric cars to India. This could lead to affordable EV options for Indian consumers and add new players to the market.
Source: The Economic Times
3. Skoda Plans Electric Car Under ₹10 Lakhs by 2027
Skoda is planning to launch an electric car priced below ₹10 lakhs, making it one of the most affordable EVs in India.
| Feature | Details |
|---|---|
| Launch Year | 2027 |
| Expected Price | Below ₹10 Lakhs |
| Facelift | March 2025 |
| Target Audience | Budget-conscious buyers |
| Key Advantage | Affordable EV with great features |
This launch is expected to attract buyers looking for budget-friendly, sustainable vehicles.
Source: E Vehicle Info
4. ZELIO Ebikes Expands into E-Rickshaws
ZELIO Ebikes, known for its electric two-wheelers, has now entered the E-Rickshaw market. At the EV India Expo 2024, they unveiled their ‘Tanga’ models, designed for last-mile connectivity. These rickshaws promise:
- High durability
- Eco-friendly performance
- Cost-effectiveness for operators
Source: autocarpro
5. Hyundai Creta EV Launch Timeline Confirmed
The Hyundai Creta EV is one of the most awaited launches in India. The company has confirmed the launch month, creating excitement among EV enthusiasts. This electric SUV is expected to offer:
- Stylish design
- Advanced safety features
- Long-range battery
Hyundai Creta EV will be launched in January 2025
- Source: cardekho
6. Why You Should Be Excited About Mahindra’s XEV 9e & BE 6e SUVs
Mahindra’s upcoming electric SUVs, XEV 9e and BE 6e, are expected to revolutionize the market.
5 Reasons to Be Excited:
- Built From The Ground Up
- A Class Apart Design
- Futuristic Cabin
- Advance Features
- Class Leading Performance And Range
Source: cardekho
7. Ola Electric’s Restructuring Plans
Ola Electric, led by Bhavish Aggarwal, is restructuring its operations, impacting over 500 employees. This move is aimed at making the company more efficient as it scales up EV production and explores new growth opportunities.
Source: business-standard
Stay tuned for more updates on the growing EV market in India and around the world!