electric-vehicles

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Daily News Wrap-Up: Easing Group Captive Power Rules May Boost C&I Participation

The Ministry of Power’s relaxations, allowing group captive projects to meet the 51% consumption requirement collectively rather than based on the individual...

March 18, 2026

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Mercom Staff

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Daily Wrap-up

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Other
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BlackSoil Invests ₹750 Million in Euler Motors to Support EV Growth

Alternative credit platform BlackSoil has invested ₹750 million (~$8.1 million) in electric vehicle manufacturer Euler Motors as part of a funding round following the...

March 17, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Oil Shock from US-Iran War Strengthens Case for Transport Electrification, Renewables

The U.S.-Iran war, now into its second week, has triggered ripple effects on the Indian economy, raising fears of supply chain, shipping, and logistics disruptions...

March 12, 2026

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B.S. Nagaraj

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Electric Vehicles

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Market & Policy
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Pluto Mobility Raises $2 Million in Seed Funding led by Version One

Delhi-based electric mobility startup, Pluto Mobility, has raised $2 million in seed funding to develop its electric vehicle (EV) platform for last-mile delivery. The...

February 20, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Hero MotoCorp Approves Investment of ₹2.75 Billion in Euler Motors

Hero MotoCorp has approved an additional investment of up to ₹2.75 billion (~$30.45 million) in Euler Motors. The investment is to be made in one or more tranches...

February 6, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Finnfund Announces $27 Million to Boost Electric Mobility in India

Finnish development financier and impact investor Finnfund has announced two investments totaling $27 million in India, aimed at accelerating the deployment of electric...

January 22, 2026

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Meghana Prasad

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Electric Vehicles

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Finance and M&A
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Tamil Nadu Waives Motor Vehicle Tax for Electric Vehicles Until 2027

The Government of Tamil Nadu has extended the 100% exemption from motor vehicle tax for all electric vehicles (EVs) in the state for a further two-year period, from...

January 6, 2026

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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EV Motors Firm Naxatra Labs Raises $3 Million in Pre-Series A Funding

Naxatra Labs, a manufacturer of motors and controllers for electric vehicles (EVs), has raised $3 million in a Pre-Series A funding round led by Rainmatter by Zerodha....

December 26, 2025

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Meghana Prasad

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Electric Vehicles

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Market & Policy
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EV Powertrain Company Raises ₹400 Million from Avaana Capital

Greater Noida-based electric vehicle (EV) powertrain design and manufacturing company Tsuyo has raised ₹400 million (~$4.82 million) in a Pre-Series A funding round led...

October 29, 2025

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Staff

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Electric Vehicles

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Finance and M&A
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China Complains to WTO About India’s Electric Vehicle and Battery Subsidies

China has filed a complaint with the World Trade Organization (WTO) over India’s subsidies for electric vehicles (EVs) and battery manufacturing. A spokesman of China’s...

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Electric Vehicle Sales Clock 12.5% YoY Growth in Q3 2025

Electric vehicle (EV) sales in India reached 560,637 units in the third quarter (Q3) of 2025, an over 12.5% year-over-year (YoY) increase from 497,974 units. EVs...

October 6, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy

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Other
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Battery Manufacturer Xbattery Raises $2.3 Million in Seed Funding

Hyderabad-based battery manufacturer Xbattery has raised $2.3 million (~₹203.95 million) in seed funding from Bipin Patel Family Office, with participation from Jhaveri...

September 25, 2025

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Melvin Mathew

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Energy Storage

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Finance and M&A
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Daily News Wrap-Up: Enlog Wins Mercom’s Third Startup Pitch Competition

Enlog, an AI-powered energy management and Internet of Things solutions provider, emerged as the winner of Mercom’s Third Startup Pitch Competition for Cleantech...

July 28, 2025

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Mercom Staff

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Daily Wrap-up
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MHI Announces Demand Incentives for Electric Trucks Under PM E-Drive

The Ministry of Heavy Industries (MHI) has issued a notification for the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program, offering...

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Electric Vehicle Sales Clock 34% YoY Growth in Q2 2025

Electric vehicle (EV) sales in India reached 530,386 units in the second quarter (Q2) of 2025, an over 34% year-over-year (YoY) increase from 396,719 units. EVs...

July 1, 2025

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Arjun Joshi

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Electric Vehicles

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Market & Policy

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